Civic Intelligence

Villa Assumpta Inc.

990 • Fiscal year 2020 • EIN 65-0233825

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 30, 2020

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

31st percentile

0.02x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

40th percentile

0.08x

Higher debt load relative to revenue than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

19th percentile

-3.3%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

-0.6%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$2,609,904

Down $88,919 (-3.3%) from 2019

Net Assets

Down

$2,557,726

Down $89,831 (-3.4%) from 2019

Liabilities

Up

$52,178

Up $912 (+1.8%) from 2019

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin19th percentile

Revenue

Down

$649,125

Down $4,207 (-0.6%) from 2019

Expenses

Down

$740,030

Down $30,640 (-4.0%) from 2019

Net Income

Up

-$90,905

Up $26,433 (+23%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2020

Assets$2,609,904
Liabilities$52,178
Net Assets$2,557,726
Open 2020 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

2020

Revenue$649,125
Expenses$740,030
Net Income-$90,905
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 30, 2020
Return Version
2019v5.1
Gross Receipts
$649,125
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$2,302,696$2,167,812▼ $134,884
Investments Other Securities$91,495$201,839▲ $110,344
Investments in Publicly Traded Securities$247,570$120,618▼ $126,952
Prepaid Expenses and Deferred Charges$16,883$81,450▲ $64,567
Cash and Non-Interest-Bearing Accounts$7,069$6,744▼ $325
Accounts Receivable$1,569$420▼ $1,149
Total Assets$2,698,823$2,609,904▼ $88,919
Other Assets Total$31,541$31,021▼ $520
Liabilities
Other Liabilities$31,541$31,021▼ $520
Accounts Payable and Accrued Expenses$19,725$21,157▲ $1,432
Total Liabilities$51,266$52,178▲ $912
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,020,900$5,020,900→ $0
Net Assets Without Donor Restrictions$-2,373,343$-2,463,174▼ $89,831
Total Net Assets Fund Balance$2,647,557$2,557,726▼ $89,831
Total Liabilities and Net Assets / Fund Balance$2,698,823$2,609,904▼ $88,919

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,634,521$3,144,067$4,778,588
Land$500,000-$500,000
Other Land Buildings$32,100$317,493$349,593
Equipment$1,191$132,238$133,429
Other Securities$201,839--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Rev Richard Murphy-deceased 032220President
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
Robert Diaz EsqNon Voting
Pam BloorSecretary
Vito GendusaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$342,196
Program Service Revenue
$292,864
Investment Income
$4,083
Other Revenue
$9,982
Change in Net Assets
$-90,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$649,125
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,074
Total Revenue per Audited Statements
$650,199
Total Revenue per Form 990
$649,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,348
Salaries, Compensation, and Employee Benefits$234,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,365$102,485-$199,850
Depreciation Depletion$134,884--$134,884
Insurance$113,620--$113,620
Fees for Services Management-$62,487-$62,487
Office Expenses$32,358$22,222-$54,580
Other Expenses$16,600--$16,600
Fees for Services Accounting-$13,811-$13,811
Other Employee Benefits$6,325$6,658-$12,983
Payroll Taxes$5,338$5,619-$10,957
Pension Plan Contributions$5,306$5,586-$10,892
All Other Expenses$9,486--$9,486
Fees for Services Legal-$1,028-$1,028
Total Functional Expenses$520,134$219,896$0$740,030

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$740,030
Total Expenses per Audited Statements$740,030
Total Expenses per Form 990$740,030
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$31,021
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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, 2019, 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, 2024. Management fees to spm for the year ended june 30, 2020 of $62,487 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 $4,800 for the year ended june 30, 2020.”

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
Vito Gendusa
Title
Treasurer
Phone
5617759516
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vito Gendusa
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, 2020. The corporation is no longer subject to income tax examinations for fiscal years prior to 2017.”

Raw XML AppendixShowing 400 of 550 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/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt031021
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06658
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012983
IRS990/OtherExpensesGrp/Desc0OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3REFUSE COLLECTION
IRS990/OtherExpensesGrp/ProgramServicesAmt046450
IRS990/OtherExpensesGrp/ProgramServicesAmt134198
IRS990/OtherExpensesGrp/ProgramServicesAmt218204
IRS990/OtherExpensesGrp/ProgramServicesAmt316600
IRS990/OtherExpensesGrp/TotalAmt046450
IRS990/OtherExpensesGrp/TotalAmt134198
IRS990/OtherExpensesGrp/TotalAmt218204
IRS990/OtherExpensesGrp/TotalAmt316600
IRS990/OtherLiabilitiesGrp/BOYAmt031541
IRS990/OtherLiabilitiesGrp/EOYAmt031021
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1532000
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/Desc1COIN LAUNDRY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05434
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt14548
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05434
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt14548
IRS990/OtherRevenueTotalAmt09982
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0102485
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt097365
IRS990/OtherSalariesAndWagesGrp/TotalAmt0199850
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05619
IRS990/PayrollTaxesGrp/ProgramServicesAmt05338
IRS990/PayrollTaxesGrp/TotalAmt010957
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05586
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05306
IRS990/PensionPlanContributionsGrp/TotalAmt010892
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016883
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt081450
IRS990/PrincipalOfficerNm0VITO GENDUSA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0292864
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0292864
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0350490
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05794
IRS990/PYOtherExpensesAmt0487191
IRS990/PYOtherRevenueAmt07680
IRS990/PYProgramServiceRevenueAmt0289368
IRS990/PYRevenuesLessExpensesAmt0-117338
IRS990/PYSalariesCompEmpBnftPaidAmt0283479
IRS990/PYTotalExpensesAmt0770670
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0653332
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-90905
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0302846
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0342196
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0350490
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0337835
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0319664
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0294355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01644540
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03517
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt07734
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07810
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06754
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt031980
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0292864
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0289368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0280914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0271345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0273275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01407766
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt07734
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07810
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt031980
IRS990ScheduleA/InvestmentIncomeCYPct00.01020
IRS990ScheduleA/InvestmentIncomePYPct00.01190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04548
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt07309
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt07854
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07891
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09217
IRS990ScheduleA/OtherIncome509Grp/TotalAmt036819
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97800
IRS990ScheduleA/PublicSupportPY509Pct00.97470
IRS990ScheduleA/PublicSupportTotal509Amt03052306
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0635060
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0639858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0618749
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0591009
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0567630
IRS990ScheduleA/Total509Grp/TotalAmt03052306
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0643125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0653332
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0634337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0606710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0583601
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03121105
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/BookValueAmt01634521
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03144067
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04778588
IRS990ScheduleD/EquipmentGrp/BookValueAmt01191
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133429
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0740030
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01074
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt032100
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0317493
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0349593
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT'S SECURITY DEPOSITS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0201839
IRS990ScheduleD/OtherSecuritiesGrp/Desc0NORTHERN TRUST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt01074
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0649125
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, 2020. THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02167812
IRS990ScheduleD/TotalBookValueSecuritiesAmt0201839
IRS990ScheduleD/TotalExpensesPerForm990Amt0740030
IRS990ScheduleD/TotalLiabilityAmt031021
IRS990ScheduleD/TotalRevenuePerForm990Amt0649125
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0650199
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0740030
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE DECEMBER 1, 2019, 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, 2024. MANAGEMENT FEES TO SPM FOR THE YEAR ENDED JUNE 30, 2020 OF $62,487 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 $4,800 FOR THE YEAR ENDED JUNE 30, 2020.
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

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,609,904
Liabilities
$52,178
Net assets
$2,557,726
Revenue
$649,125
Expenses
$740,030
Net income
-$90,905
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