Civic Intelligence

Wmch Development Corporation

EIN 74-2354546 • 501(c)3 • Phoenix, AZ

Profile

To provide elderly and handicapped persons with housing facilities and services designed to meet their health, security, and social needs.

2330 W Mission Ln Ste 10 10Phoenix, AZ 85021

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.52x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.78x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

41st percentile

-7.7%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

57th percentile

4.4%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$186,350

Down $7,925 (-4.1%) from 2023

Liabilities

Down

$282,693

Down $66,594 (-19%) from 2023

Net Assets

Up

-$96,343

Up $58,669 (+38%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin71st percentile

Revenue

Up

$362,657

Up $11,002 (+3.1%) from 2023

Expenses

Down

$303,988

Down $9,060 (-2.9%) from 2023

Net Income

Up

$58,669

Up $20,062 (+52%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

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

$1.0M$500K$0-$500KAssets 2015: $412,903Liabilities 2015: $744,505Net Assets 2015: -$331,6022015Assets 2016: $387,648Liabilities 2016: $700,353Net Assets 2016: -$312,7052016Assets 2017: $356,335Liabilities 2017: $652,918Net Assets 2017: -$296,5832017Assets 2018: $331,046Liabilities 2018: $618,925Net Assets 2018: -$287,8792018Assets 2019: $299,615Liabilities 2019: $568,427Net Assets 2019: -$268,8122019Assets 2020: $277,611Liabilities 2020: $517,325Net Assets 2020: -$239,7142020Assets 2021: $263,264Liabilities 2021: $472,467Net Assets 2021: -$209,2032021Assets 2022: $218,702Liabilities 2022: $412,321Net Assets 2022: -$193,6192022Assets 2023: $194,275Liabilities 2023: $349,287Net Assets 2023: -$155,0122023Assets 2024: $186,350Liabilities 2024: $282,693Net Assets 2024: -$96,3432024

Highlighted filing

2024

Assets$186,350
Liabilities$282,693
Net Assets-$96,343
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $281,445Expenses 2015: $295,889Net Income 2015: -$14,4442015Revenue 2016: $304,059Expenses 2016: $285,162Net Income 2016: $18,8972016Revenue 2017: $298,790Expenses 2017: $282,668Net Income 2017: $16,1222017Revenue 2018: $298,488Expenses 2018: $289,784Net Income 2018: $8,7042018Revenue 2019: $316,756Expenses 2019: $297,689Net Income 2019: $19,0672019Revenue 2020: $320,395Expenses 2020: $291,297Net Income 2020: $29,0982020Revenue 2021: $332,447Expenses 2021: $301,936Net Income 2021: $30,5112021Revenue 2022: $332,590Expenses 2022: $317,006Net Income 2022: $15,5842022Revenue 2023: $351,655Expenses 2023: $313,048Net Income 2023: $38,6072023Revenue 2024: $362,657Expenses 2024: $303,988Net Income 2024: $58,6692024

Highlighted filing

2024

Revenue$362,657
Expenses$303,988
Net Income$58,669
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$186,350
Liabilities
$282,693
Net assets
-$96,343
Revenue
$362,657
Expenses
$303,988
Net income
$58,669
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.83$0.96$3.63$3.04$0.59
2023Detailed filing. Detailed filing data is available for this year.$1.94$3.49$1.55$3.52$3.13$0.39
2022Detailed filing. Detailed filing data is available for this year.$2.19$4.12$1.94$3.33$3.17$0.16
2021Detailed filing. Detailed filing data is available for this year.$2.63$4.72$2.09$3.32$3.02$0.31
2020Detailed filing. Detailed filing data is available for this year.$2.78$5.17$2.40$3.20$2.91$0.29
2019Detailed filing. Detailed filing data is available for this year.$3.00$5.68$2.69$3.17$2.98$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.31$6.19$2.88$2.98$2.90$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.56$6.53$2.97$2.99$2.83$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.88$7.00$3.13$3.04$2.85$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.13$7.45$3.32$2.81$2.96$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 12, 2025
Return Version
2024v5.2
Gross Receipts
$362,845
Mission and Program Overview

Mission

To provide elderly and handicapped persons with housing facilities and services designed to meet their health, security, and social needs.

To provide housing and support services for elderly and handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,181$91,334▼ $4,847
Cash and Non-Interest-Bearing Accounts$6,538$10,294▲ $3,756
Prepaid Expenses and Deferred Charges$4,773$6,349▲ $1,576
Accounts Receivable$0$34▲ $34
Total Assets$194,275$186,350▼ $7,925
Other Assets Total$86,783$78,339▼ $8,444
Liabilities
Mortgage Notes Payable Secured by Investment Property$267,879$198,046▼ $69,833
Other Liabilities$46,337$46,337→ $0
Accounts Payable and Accrued Expenses$23,815$26,114▲ $2,299
Escrow Account Liability$10,659$11,516▲ $857
Deferred Revenue$597$680▲ $83
Total Liabilities$349,287$282,693▼ $66,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-155,012$-96,343▲ $58,669
Total Net Assets Fund Balance$-155,012$-96,343▲ $58,669
Total Liabilities and Net Assets / Fund Balance$194,275$186,350▼ $7,925

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$60,852$947,365$1,008,217
Equipment$15,400$47,877$63,277
Other Land Buildings$0$34,711$34,711
Land$15,082-$15,082
Other Assets Org$6,987--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Dr James SielskiPresident
Tony RaykovitzVice President
Steven M HopkinsDirector
Doug HendersonDirector (from 12/24)
Matt AtlasDirector (from 12/24)
Judy PalmerDirector (from 3/24)
Tomi St MarsSecretary (from 2/24)
Ginger WiltbankTreasurer (from 2/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$361,251
Investment Income
$1,406
Other Revenue
$0
Change in Net Assets
$58,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$362,845
Revenue Not Reported on Financial Statements
$-188
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-188
Total Revenue per Audited Statements
$362,845
Total Revenue per Form 990
$362,657
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,874
Salaries, Compensation, and Employee Benefits$96,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,079$4,752-$69,831
Occupancy$57,729--$57,729
Depreciation Depletion$28,192--$28,192
Interest$21,329--$21,329
Other Employee Benefits$18,021$1,316-$19,337
Fees for Services Accounting-$16,299-$16,299
Fees for Services Management-$15,360-$15,360
Office Expenses-$14,242-$14,242
Insurance$12,742--$12,742
Other Expenses$11,481--$11,481
Payroll Taxes$6,473$473-$6,946
Fees for Services Other$5,472--$5,472
Conferences and Meetings-$1,494-$1,494
Information Technology-$1,376-$1,376
Fees for Services Legal-$930-$930
Travel-$576-$576
Total Functional Expenses$247,170$56,818$0$303,988

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$304,176
Expenses per Audited Statements$303,988
Total Expenses per Form 990$303,988
Expenses Not Reported on Form 990$188
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
Advances From Wmcd Development Corp$46,337
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The board of the organization has agreed that all management services and oversight of the organization shall be done by biltmore properties, inc. Biltmore properties, inc. Has agreed to manage all rental operations for a specific fee per month.”

Form 990, Part VI, Section A, Line 8B

“There are no other committees with the authority to act on behalf of the governing body.”

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

“A copy of the form 990 will be provided to biltmore properties for the initial review. The return will then be reviewed by the president and once the form 990 is in final draft, a copy will be presented to the board of directors for their review prior to filing.”

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

“All board members and officers are covered by the conflict of interest policy. The organization does not have any key employees. If a conflict of interest does arise, the conflict would be reviewed by the board and considered for a decision. If a conflict of interest arises for a board member, the board member must refrain from voting.”

Form 990, Part VI, Section B, Line 15

“As the organization does not have a top management official and does not compensate individuals serving as officers, the board does not have a process for approving compensation. The board does have a process for engaging a management company to oversee the operations of the property. This process includes evaluation and approval of a management company that will meet the needs of the organization. The board reviews and approves the rates to be paid to the management company and the time period of the contract.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Wmch Development Corporation
EIN
74-2354546
Phone
6029970013
Address
2330 W MISSION LN STE 10 10, PHOENIX, AZ 85021
Doing Business As
Villa Escudilla

Signing Officer

Name
Tony Raykovitz
Title
President
Phone
6029970013
Signed
2025-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Raykovitz
Formed
1984
Legal Domicile
Az
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Eide Bailly Llp
Address
2355 E CAMELBACK RD STE 900, PHOENIX, AZ 85016-9065
Preparer
Brenda Ann Blunt CPA
Phone
4803151040
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“Employees are employed by an outside agency. No federal or state payroll reporting is done by the organization.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds tenant deposits held in trust. The amounts held for residents are reported on form 990, part x, lines 15 and 21.”

PART X, LINE 2:

“Management believes that it has appropriate support for any income tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements. The corporation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Loss on sale of assets -188.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of assets 188.”

Raw XML AppendixShowing 400 of 469 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/Desc0THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO ELDERLY AND PERSONS WITH DISABILITIES THROUGH THE OPERATION OF A 32-UNIT MULTIFAMILY HOUSING COMPLEX IN SPRINGERVILLE, ARIZONA. IN 2024, THIS ORGANIZATION PROVIDED DECENT AND SAFE HOUSING TO 36 RESIDENTS: 17% BETWEEN THE AGES 18-61 (NON-ELDERLY PEOPLE WITH DISABILITIES), 69% BETWEEN THE AGES 62-81, AND 14% BETWEEN THE AGES 82-93.IN 2024, ST MARY'S FOOD BANK DELIVERED FOOD BOXES TO RESIDENTS EACH MONTH AND RESIDENTS RECEIVED COMMODITIES EVERY TUESDAY. MANY OF THE RESIDENTS RECEIVED SERVICES AND CASE MANAGEMENT THROUGH NACOG (NORTHERN ARIZONA COUNCIL OF GOVERNMENTS) AND THE ROUND VALLEY SENIOR CENTER. RESIDENTS ALSO ATTENDED ACTIVITIES, SUCH AS BINGO, AT THE SENIOR CENTER. ACCENT CARE PROVIDED ALTCS SERVICES TO QUALIFYING RESIDENTS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0DR JAMES SIELSKI
IRS990/Form990PartVIISectionAGrp/PersonNm1TONY RAYKOVITZ
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-188
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-155012
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-96343
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt057729
IRS990/OccupancyGrp/TotalAmt057729
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014242
IRS990/OfficeExpensesGrp/TotalAmt014242
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt086783
IRS990/OtherAssetsTotalGrp/EOYAmt078339
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01316
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018021
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019337
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1LICENSES AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt020652
IRS990/OtherExpensesGrp/ProgramServicesAmt111481
IRS990/OtherExpensesGrp/TotalAmt020652
IRS990/OtherExpensesGrp/TotalAmt111481
IRS990/OtherLiabilitiesGrp/BOYAmt046337
IRS990/OtherLiabilitiesGrp/EOYAmt046337
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04752
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt065079
IRS990/OtherSalariesAndWagesGrp/TotalAmt069831
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0473
IRS990/PayrollTaxesGrp/ProgramServicesAmt06473
IRS990/PayrollTaxesGrp/TotalAmt06946
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04773
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06349
IRS990/PrincipalOfficerNm0TONY RAYKOVITZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1812300
IRS990/ProgramServiceRevenueGrp/BusinessCd2623990
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY AND VENDING
IRS990/ProgramServiceRevenueGrp/Desc2DAMAGES/CLEANING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356308
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2343
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0761
IRS990/PYOtherExpensesAmt0209774
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0350894
IRS990/PYRevenuesLessExpensesAmt038607
IRS990/PYSalariesCompEmpBnftPaidAmt0103274
IRS990/PYTotalExpensesAmt0313048
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0351655
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt058669
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0361251
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0761
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0361251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0350894
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0333188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0327706
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0320381
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01693420
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02393
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.61930
IRS990ScheduleA/PublicSupportPY509Pct00.66930
IRS990ScheduleA/PublicSupportTotal509Amt01050149
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0182174
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0134786
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0104367
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0130557
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt091387
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0643271
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0182174
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0134786
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0104367
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0130557
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt091387
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0643271
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0361251
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0350894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0333188
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0327706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0320381
IRS990ScheduleA/Total509Grp/TotalAmt01693420
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0362845
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0351655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0333201
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0327717
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0320395
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01695813
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt060852
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0947365
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01008217
IRS990ScheduleD/EquipmentGrp/BookValueAmt015400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt047877
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063277
IRS990ScheduleD/ExpensesNotReportedAmt0188
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0303988
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt015082
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt015082
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017247
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt138863
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt215242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36987
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT DEPOSITS HELD IN TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherExpensesIncludedAmt0188
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034711
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES FROM WMCD DEVELOPMENT CORP
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-188
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-188
IRS990ScheduleD/RevenueSubtotalAmt0362845
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS TENANT DEPOSITS HELD IN TRUST. THE AMOUNTS HELD FOR RESIDENTS ARE REPORTED ON FORM 990, PART X, LINES 15 AND 21.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY INCOME TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE CORPORATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF ASSETS -188.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3LOSS ON SALE OF ASSETS 188.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091334
IRS990ScheduleD/TotalBookValueOtherAssetsAmt078339
IRS990ScheduleD/TotalExpensesPerForm990Amt0303988
IRS990ScheduleD/TotalLiabilityAmt046337
IRS990ScheduleD/TotalRevenuePerForm990Amt0362657
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0362845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0304176
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF THE ORGANIZATION HAS AGREED THAT ALL MANAGEMENT SERVICES AND OVERSIGHT OF THE ORGANIZATION SHALL BE DONE BY BILTMORE PROPERTIES, INC. BILTMORE PROPERTIES, INC. HAS AGREED TO MANAGE ALL RENTAL OPERATIONS FOR A SPECIFIC FEE PER MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO OTHER COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 WILL BE PROVIDED TO BILTMORE PROPERTIES FOR THE INITIAL REVIEW. THE RETURN WILL THEN BE REVIEWED BY THE PRESIDENT AND ONCE THE FORM 990 IS IN FINAL DRAFT, A COPY WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS AND OFFICERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION DOES NOT HAVE ANY KEY EMPLOYEES. IF A CONFLICT OF INTEREST DOES ARISE, THE CONFLICT WOULD BE REVIEWED BY THE BOARD AND CONSIDERED FOR A DECISION. IF A CONFLICT OF INTEREST ARISES FOR A BOARD MEMBER, THE BOARD MEMBER MUST REFRAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS THE ORGANIZATION DOES NOT HAVE A TOP MANAGEMENT OFFICIAL AND DOES NOT COMPENSATE INDIVIDUALS SERVING AS OFFICERS, THE BOARD DOES NOT HAVE A PROCESS FOR APPROVING COMPENSATION. THE BOARD DOES HAVE A PROCESS FOR ENGAGING A MANAGEMENT COMPANY TO OVERSEE THE OPERATIONS OF THE PROPERTY. THIS PROCESS INCLUDES EVALUATION AND APPROVAL OF A MANAGEMENT COMPANY THAT WILL MEET THE NEEDS OF THE ORGANIZATION. THE BOARD REVIEWS AND APPROVES THE RATES TO BE PAID TO THE MANAGEMENT COMPANY AND THE TIME PERIOD OF THE CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EMPLOYEES ARE EMPLOYED BY AN OUTSIDE AGENCY. NO FEDERAL OR STATE PAYROLL REPORTING IS DONE BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART V, LINE 2A
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0194275
IRS990/TotalAssetsEOYAmt0186350
IRS990/TotalAssetsGrp/BOYAmt0194275

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