Civic Intelligence

Villa Assumpta Inc.

990 • Fiscal year 2019 • EIN 65-0233825

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 14, 2019

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

33rd percentile

0.02x

Higher debt load relative to assets than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

14th percentile

-18%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

22nd percentile

-4.1%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

3.0%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$2,698,823

Down $114,396 (-4.1%) from 2018

Net Assets

Down

$2,647,557

Down $115,419 (-4.2%) from 2018

Liabilities

Up

$51,266

Up $1,023 (+2.0%) from 2018

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin14th percentile

Revenue

Up

$653,332

Up $18,995 (+3.0%) from 2018

Expenses

Up

$770,670

Up $19,988 (+2.7%) from 2018

Net Income

Down

-$117,338

Down $993 (-0.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2019

Assets$2,698,823
Liabilities$51,266
Net Assets$2,647,557
Open 2019 Filing

Operations Trend

Revenue Growth47th 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

2019

Revenue$653,332
Expenses$770,670
Net Income-$117,338
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$653,332
Mission and Program Overview

Mission

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

Housing for the elderly with very low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,343,179$2,302,696▼ $40,483
Investments in Publicly Traded Securities$311,241$247,570▼ $63,671
Investments Other Securities$93,519$91,495▼ $2,024
Prepaid Expenses and Deferred Charges$16,113$16,883▲ $770
Cash and Non-Interest-Bearing Accounts$17,317$7,069▼ $10,248
Accounts Receivable$687$1,569▲ $882
Total Assets$2,813,219$2,698,823▼ $114,396
Other Assets Total$31,163$31,541▲ $378
Liabilities
Other Liabilities$31,189$31,541▲ $352
Accounts Payable and Accrued Expenses$19,054$19,725▲ $671
Total Liabilities$50,243$51,266▲ $1,023
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,020,900$5,020,900→ $0
Unrestricted Net Assets$-2,257,924$-2,373,343▼ $115,419
Total Net Assets Fund Balance$2,762,976$2,647,557▼ $115,419
Total Liabilities and Net Assets / Fund Balance$2,813,219$2,698,823▼ $114,396

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,765,396$3,013,192$4,778,588
Land$500,000-$500,000
Other Land Buildings$36,109$313,484$349,593
Equipment$1,191$132,238$133,429
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Father Richard MurphyPresident
Kevin McginleyVice President
Joseph IerardiDirector
Martin SerraesDirector
Father Clemens B HammerschmittAdvisor, Non Voting
Father James MolganoAdvisor, Non Voting
Father Tomasz MakowskiAdvisor, Non Voting
Thomas Courtney EsqEx-officio, Non Voting
J Patrick Fitzgerald EsqNon Voting
Maura Fitzgerald JenningsNon Voting
Pam BloorSecretary
Vito GendusaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$350,490
Program Service Revenue
$289,368
Investment Income
$5,794
Other Revenue
$7,680
Change in Net Assets
$-117,338

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,332
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,919
Total Revenue per Audited Statements
$655,251
Total Revenue per Form 990
$653,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$487,191
Salaries, Compensation, and Employee Benefits$283,479
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,467$143,228-$235,695
Depreciation Depletion$135,177--$135,177
Insurance$110,875--$110,875
Fees for Services Management-$63,111-$63,111
Office Expenses$31,564$22,804-$54,368
Other Employee Benefits$6,947$10,760-$17,707
Pension Plan Contributions$6,295$9,751-$16,046
Fees for Services Accounting-$15,964-$15,964
Payroll Taxes$5,504$8,527-$14,031
Other Expenses$10,619--$10,619
Fees for Services Legal-$435-$435
All Other Expenses$61--$61
Total Functional Expenses$496,090$274,580$0$770,670

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$770,670
Total Expenses per Audited Statements$770,670
Total Expenses per Form 990$770,670
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$31,541
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 extended the 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, 2019 of $63,111 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, 2019.”

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

“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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Richard Murphy
Formed
1992
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
5
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 990, 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, 2019. The corporation is no longer subject to income tax examinations for fiscal years prior to 2016.”

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031163
IRS990/OtherAssetsTotalGrp/EOYAmt031541
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010760
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06947
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017707
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REFUSE COLLECTION
IRS990/OtherExpensesGrp/Desc3OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt040531
IRS990/OtherExpensesGrp/ProgramServicesAmt140432
IRS990/OtherExpensesGrp/ProgramServicesAmt215618
IRS990/OtherExpensesGrp/ProgramServicesAmt310619
IRS990/OtherExpensesGrp/TotalAmt040531
IRS990/OtherExpensesGrp/TotalAmt140432
IRS990/OtherExpensesGrp/TotalAmt215618
IRS990/OtherExpensesGrp/TotalAmt310619
IRS990/OtherLiabilitiesGrp/BOYAmt031189
IRS990/OtherLiabilitiesGrp/EOYAmt031541
IRS990/OtherRevenueMiscGrp/BusinessCd0532000
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0COIN LAUNDRY
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07309
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1371
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07309
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1371
IRS990/OtherRevenueTotalAmt07680
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0143228
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092467
IRS990/OtherSalariesAndWagesGrp/TotalAmt0235695
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08527
IRS990/PayrollTaxesGrp/ProgramServicesAmt05504
IRS990/PayrollTaxesGrp/TotalAmt014031
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09751
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06295
IRS990/PensionPlanContributionsGrp/TotalAmt016046
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016113
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016883
IRS990/PrincipalOfficerNm0REV RICHARD MURPHY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0289368
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0289368
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0337835
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06854
IRS990/PYOtherExpensesAmt0477386
IRS990/PYOtherRevenueAmt08734
IRS990/PYProgramServiceRevenueAmt0280914
IRS990/PYRevenuesLessExpensesAmt0-116345
IRS990/PYSalariesCompEmpBnftPaidAmt0273296
IRS990/PYTotalExpensesAmt0750682
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0634337
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-117338
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0297048
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0350490
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0337835
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0319664
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0294355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0300461
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01602805
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07810
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07917
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0289368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0280914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0271345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0273275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0270776
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01385678
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07810
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt07917
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036380
IRS990ScheduleA/InvestmentIncomeCYPct00.01190
IRS990ScheduleA/InvestmentIncomePYPct00.01250
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt07309
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07854
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07891
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt09217
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08807
IRS990ScheduleA/OtherIncome509Grp/TotalAmt041078
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97470
IRS990ScheduleA/PublicSupportPY509Pct00.97370
IRS990ScheduleA/PublicSupportTotal509Amt02988483
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0639858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0618749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0591009
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0567630
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0571237
IRS990ScheduleA/Total509Grp/TotalAmt02988483
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0653332
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0634337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0606710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0583601
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0587961
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03065941
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/BookValueAmt01765396
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03013192
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04778588
IRS990ScheduleD/EquipmentGrp/BookValueAmt01191
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133429
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0770670
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01919
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036109
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0313484
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0349593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT'S SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt01919
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0653332
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, 2019. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02302696
IRS990ScheduleD/TotalExpensesPerForm990Amt0770670
IRS990ScheduleD/TotalLiabilityAmt031541
IRS990ScheduleD/TotalRevenuePerForm990Amt0653332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0655251
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770670
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE DECEMBER 1, 2014, THE CORPORATION EXTENDED THE 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, 2019 OF $63,111 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, 2019.
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,698,823
Liabilities
$51,266
Net assets
$2,647,557
Revenue
$653,332
Expenses
$770,670
Net income
-$117,338
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