Civic Intelligence

Montgomery Park I United Methodist Housing Corporation

990 • Fiscal year 2015 • EIN 74-3112451

Jul 01, 2014 to Jun 30, 2015 • Filed on Sep 16, 2015

220 Laurel StCulpeper, VA 22701

(540) 972-0521

Siviq Scores

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

Liabilities / Assets

94th percentile

1.19x

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

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

Liabilities / Revenue

99th percentile

24.64x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

5th percentile

-59%

Higher net margin than 5% 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

33rd percentile

-2.7%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

19th percentile

-14%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Down

$2,381,218

Down $65,603 (-2.7%) from 2014

Net Assets

Down

-$458,792

Down $67,873 (-17%) from 2014

Liabilities

Up

$2,840,010

Up $2,270 (+0.1%) from 2014

Revenue

Down

$115,278

Down $18,542 (-14%) from 2014

Expenses

Up

$183,151

Up $3,421 (+1.9%) from 2014

Net Income

Down

-$67,873

Down $21,963 (-48%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $2,581,141Liabilities 2012: $2,858,759Net Assets 2012: -$277,6182012Assets 2013: $2,512,295Liabilities 2013: $2,857,304Net Assets 2013: -$345,0092013Assets 2014: $2,446,821Liabilities 2014: $2,837,740Net Assets 2014: -$390,9192014Assets 2015: $2,381,218Liabilities 2015: $2,840,010Net Assets 2015: -$458,7922015Assets 2016: $2,315,125Liabilities 2016: $2,843,349Net Assets 2016: -$528,2242016Assets 2017: $2,251,835Liabilities 2017: $2,841,336Net Assets 2017: -$589,5012017Assets 2018: $2,195,809Liabilities 2018: $2,847,020Net Assets 2018: -$651,2112018Assets 2019: $2,136,071Liabilities 2019: $2,846,290Net Assets 2019: -$710,2192019Assets 2020: $2,080,229Liabilities 2020: $2,847,322Net Assets 2020: -$767,0932020Assets 2021: $2,027,189Liabilities 2021: $2,847,435Net Assets 2021: -$820,2462021Assets 2022: $1,996,094Liabilities 2022: $2,863,146Net Assets 2022: -$867,0522022Assets 2023: $1,944,237Liabilities 2023: $2,848,343Net Assets 2023: -$904,1062023Assets 2024: $1,883,426Liabilities 2024: $2,863,503Net Assets 2024: -$980,0772024

Highlighted filing

2015

Assets$2,381,218
Liabilities$2,840,010
Net Assets-$458,792

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2012: $165,0092012Expenses 2013: $179,1282013Revenue 2014: $133,820Expenses 2014: $179,730Net Income 2014: -$45,9102014Revenue 2015: $115,278Expenses 2015: $183,151Net Income 2015: -$67,8732015Revenue 2016: $117,871Expenses 2016: $187,303Net Income 2016: -$69,4322016Revenue 2017: $121,414Expenses 2017: $182,691Net Income 2017: -$61,2772017Revenue 2018: $128,273Expenses 2018: $189,983Net Income 2018: -$61,7102018Revenue 2019: $129,759Expenses 2019: $188,767Net Income 2019: -$59,0082019Revenue 2020: $134,058Expenses 2020: $190,932Net Income 2020: -$56,8742020Revenue 2021: $138,706Expenses 2021: $191,859Net Income 2021: -$53,1532021Revenue 2022: $140,648Expenses 2022: $187,454Net Income 2022: -$46,8062022Revenue 2023: $165,403Expenses 2023: $202,457Net Income 2023: -$37,0542023Revenue 2024: $156,843Expenses 2024: $232,814Net Income 2024: -$75,9712024

Highlighted filing

2015

Revenue$115,278
Expenses$183,151
Net Income-$67,873
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Sep 16, 2015
Return Version
2014v5.0
Gross Receipts
$115,278
Mission and Program Overview

Mission

Low income elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,369,059$2,294,617▼ $74,442
Cash and Non-Interest-Bearing Accounts$5,801$4,760▼ $1,041
Prepaid Expenses and Deferred Charges$1,485$2,058▲ $573
Accounts Receivable$366$63▼ $303
Total Assets$2,446,821$2,381,218▼ $65,603
Other Assets Total$70,110$79,720▲ $9,610
Liabilities
Other Liabilities$2,831,654$2,832,019▲ $365
Accounts Payable and Accrued Expenses$5,857$7,096▲ $1,239
Deferred Revenue$229$895▲ $666
Total Liabilities$2,837,740$2,840,010▲ $2,270
Net Assets / Fund Balance
Unrestricted Net Assets$-390,919$-458,792▼ $67,873
Total Net Assets Fund Balance$-390,919$-458,792▼ $67,873
Total Liabilities and Net Assets / Fund Balance$2,446,821$2,381,218▼ $65,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,142,354$451,578$2,593,932
Other Land Buildings$58,016$33,407$91,423
Equipment$24,247$57,197$81,444
Land$70,000-$70,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$62,773
Program Service Revenue
$50,678
Investment Income
$48
Other Revenue
$1,779
All Other Contributions
$62,773
Change in Net Assets
$-67,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,278
Total Revenue per Audited Statements
$115,278
Total Revenue per Form 990
$115,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,972
Salaries, Compensation, and Employee Benefits$2,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$78,163--$78,163
Fees for Services Management$49,333--$49,333
Occupancy$42,039--$42,039
Fees for Services Accounting$8,401--$8,401
Payroll Taxes$2,179--$2,179
Office Expenses$1,439--$1,439
Advertising$63--$63
Other Expenses$-2--$-2
Total Functional Expenses$183,151$0$0$183,151

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$183,151
Total Expenses per Audited Statements$183,151
Total Expenses per Form 990$183,151
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
Capital Advance - Earned$2,825,900
Security Deposit Liab$6,000
A/p Payroll Taxes$87
Security Deposit Clearing$32
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Apartment managing agent is amurcon realty company

Form 990, Page 6, Part VI, Line 11B

The president, julius malinowski, reviews the prepared copy before signing.

Form 990, Page 6, Part VI, Line 15A

NO COMPENSATION PAID.

Form 990, Page 6, Part VI, Line 15B

NO COMPENSATION PAID.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Montgomery Park I United Methodist
EIN
74-3112451
Phone
5409720521
Address
220 LAUREL ST, CULPEPER, VA 22701

Signing Officer

Name
Julius Malinowski
Title
President
Phone
5409720521
Signed
2015-09-16

Organization Details

Principal Officer
Julius Malinowski
Formed
2003
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Arehart Associates Ltd
Address
320 FEDERAL ST, WAYNESBORO, VA 22980-4614
Preparer
Jan S Hoover
Phone
5409490124
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IRS990/OtherExpensesGrp/Desc1OTHER ADMINISTRATIVE EXP
IRS990/OtherExpensesGrp/Desc2ROUNDING
IRS990/OtherExpensesGrp/ProgramServicesAmt01048
IRS990/OtherExpensesGrp/ProgramServicesAmt1488
IRS990/OtherExpensesGrp/ProgramServicesAmt2-2
IRS990/OtherExpensesGrp/TotalAmt01048
IRS990/OtherExpensesGrp/TotalAmt1488
IRS990/OtherExpensesGrp/TotalAmt2-2
IRS990/OtherLiabilitiesGrp/BOYAmt02831654
IRS990/OtherLiabilitiesGrp/EOYAmt02832019
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING INCOME
IRS990/OtherRevenueMiscGrp/Desc1TENANT DAMAGES COLLECTED
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01394
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1385
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01394
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1385
IRS990/OtherRevenueTotalAmt01779
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02179
IRS990/PayrollTaxesGrp/TotalAmt02179
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01485
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02058
IRS990/PrincipalOfficerNm0JULIUS MALINOWSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GROSS POTENTIAL RENT
IRS990/ProgramServiceRevenueGrp/Desc1VACANCY LOSS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt053177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-2499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt053177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-2499
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt063428
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt049
IRS990/PYOtherExpensesAmt0177608
IRS990/PYOtherRevenueAmt021559
IRS990/PYProgramServiceRevenueAmt048784
IRS990/PYRevenuesLessExpensesAmt0-45910
IRS990/PYSalariesCompEmpBnftPaidAmt02122
IRS990/PYTotalExpensesAmt0179730
IRS990/PYTotalRevenueAmt0133820
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-67873
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TENANT CHARGES 384
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt062773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt063428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt058610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039664
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt023486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0247961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt010
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt052505
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0384
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0384
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99810
IRS990ScheduleA/PublicSupportTotal170Amt0247961
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt062773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt063428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt058610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt039664
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt023486
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0247961
IRS990ScheduleA/TotalSupportAmt0248355
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02142354
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0451578
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02593932
IRS990ScheduleD/EquipmentGrp/BookValueAmt024247
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057197
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081444
IRS990ScheduleD/ExpensesSubtotalAmt0183151
IRS990ScheduleD/LandGrp/BookValueAmt070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt070000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt058016
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033407
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt091423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02825900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt332
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE - EARNED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT LIAB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2A/P PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSIT CLEARING
IRS990ScheduleD/RevenueSubtotalAmt0115278
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02294617
IRS990ScheduleD/TotalExpensesPerForm990Amt0183151
IRS990ScheduleD/TotalLiabilityAmt02832019
IRS990ScheduleD/TotalRevenuePerForm990Amt0115278
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0115278
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0183151
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0APARTMENT MANAGING AGENT IS AMURCON REALTY COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT, JULIUS MALINOWSKI, REVIEWS THE PREPARED COPY BEFORE SIGNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMPENSATION PAID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd5false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd6false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd7false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd8false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd9false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11false

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