Civic Intelligence

Oak-Michigan Housing Development Fun Company Inc.

990 • Fiscal year 2021 • EIN 75-3201519

Nov 01, 2020 to Oct 31, 2021 • Filed on Feb 01, 2022

Organization ProfileN/A
818 Michigan AvenueBuffalo, NY 14203

(716) 854-1251

Siviq Scores

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

Liabilities / Assets

100th percentile

2.97x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

4.78x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

3.3%

Higher net margin than 75% of similar nonprofits.

2021 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2021 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2021

Asset Growth

87th percentile

4.4%

Faster asset growth than 87% of similar nonprofits.

2021 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

5.2%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$2,822,054

Up $118,732 (+4.4%) from 2020

Net Assets

Up

-$5,550,213

Up $58,399 (+1.0%) from 2020

Liabilities

Up

$8,372,267

Up $60,333 (+0.7%) from 2020

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin75th percentile

Revenue

Up

$1,752,205

Up $86,813 (+5.2%) from 2020

Expenses

Down

$1,693,806

Down $50,414 (-2.9%) from 2020

Net Income

Up

$58,399

Up $137,227 (+174%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2011: $5,162,053Liabilities 2011: $8,685,549Net Assets 2011: -$3,523,4962011Assets 2012: $4,993,901Liabilities 2012: $8,647,849Net Assets 2012: -$3,653,9482012Assets 2013: $4,957,032Liabilities 2013: $8,584,946Net Assets 2013: -$3,627,9142013Assets 2014: $4,524,478Liabilities 2014: $8,348,329Net Assets 2014: -$3,823,8512014Assets 2015: $4,199,317Liabilities 2015: $8,387,024Net Assets 2015: -$4,187,7072015Assets 2016: $3,822,788Liabilities 2016: $8,394,326Net Assets 2016: -$4,571,5382016Assets 2017: $3,041,634Liabilities 2017: $8,245,860Net Assets 2017: -$5,204,2262017Assets 2018: $2,819,124Liabilities 2018: $8,271,710Net Assets 2018: -$5,452,5862018Assets 2019: $2,787,404Liabilities 2019: $8,317,188Net Assets 2019: -$5,529,7842019Assets 2020: $2,703,322Liabilities 2020: $8,311,934Net Assets 2020: -$5,608,6122020Assets 2021: $2,822,054Liabilities 2021: $8,372,267Net Assets 2021: -$5,550,2132021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$2,822,054
Liabilities$8,372,267
Net Assets-$5,550,213
Open 2021 Filing

Operations Trend

Revenue Growth70th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,453,923Expenses 2011: $1,610,991Net Income 2011: -$157,0682011Revenue 2012: $1,548,120Expenses 2012: $1,678,572Net Income 2012: -$130,4522012Expenses 2013: $1,592,6352013Revenue 2014: $1,497,835Expenses 2014: $1,693,772Net Income 2014: -$195,9372014Revenue 2015: $1,522,866Expenses 2015: $1,886,722Net Income 2015: -$363,8562015Revenue 2016: $1,528,219Expenses 2016: $1,912,050Net Income 2016: -$383,8312016Revenue 2017: $1,648,126Expenses 2017: $2,280,814Net Income 2017: -$632,6882017Revenue 2018: $1,590,989Expenses 2018: $1,839,349Net Income 2018: -$248,3602018Revenue 2019: $1,654,383Expenses 2019: $1,731,581Net Income 2019: -$77,1982019Revenue 2020: $1,665,392Expenses 2020: $1,744,220Net Income 2020: -$78,8282020Revenue 2021: $1,752,205Expenses 2021: $1,693,806Net Income 2021: $58,3992021Revenue 2022: $5,703,203Expenses 2022: $152,990Net Income 2022: $5,550,2132022

Highlighted filing

2021

Revenue$1,752,205
Expenses$1,693,806
Net Income$58,399
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Feb 1, 2022
Return Version
2020v4.2
Gross Receipts
$1,752,205
Mission and Program Overview

Mission

To provide housing to persons of low income through the assistance of the u.s. Department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,166,768$1,053,800▼ $112,968
Cash and Non-Interest-Bearing Accounts$42,773$113,482▲ $70,709
Accounts Receivable$38,543$62,585▲ $24,042
Prepaid Expenses and Deferred Charges$44,747$32,136▼ $12,611
Total Assets$2,703,322$2,822,054▲ $118,732
Other Assets Total$1,410,491$1,560,051▲ $149,560
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,741,332$7,719,098▼ $22,234
Accounts Payable and Accrued Expenses$513,954$598,004▲ $84,050
Other Liabilities$42,580$40,052▼ $2,528
Deferred Revenue$14,068$15,113▲ $1,045
Total Liabilities$8,311,934$8,372,267▲ $60,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,608,612$-5,550,213▲ $58,399
Total Net Assets Fund Balance$-5,608,612$-5,550,213▲ $58,399
Total Liabilities and Net Assets / Fund Balance$2,703,322$2,822,054▲ $118,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$965,932$9,996,678$10,962,610
Equipment$12,868$1,078,511$1,091,379
Other Land Buildings$0$166,058$166,058
Land$75,000-$75,000
Other Assets Org$40,052--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Deacon Archie MartinCo-chairman
Pastor Michael ChapmanPresident
Clarence Simmons SrDirector
Larry WebsterDirector
Sylvester JohnsonDirector
Sister Gwendolyn VieraRecorder
Patricia KingSecretary
Rebecca JonesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Belmont Management Co INCProperty Management215 BROADWAY, Buffalo, NY 14204$125,507
Sbjc CorporationSecurity822 MICHIGAN AVE, Buffalo, NY 14203$112,479
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,739,945
Investment Income
$754
Other Revenue
$11,506
Change in Net Assets
$58,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,752,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,752,205
Total Revenue per Form 990
$1,752,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,333,339
Salaries, Compensation, and Employee Benefits$360,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$267,319$57,537-$324,856
Other Salaries and Wages$210,721$74,550-$285,271
Occupancy$236,169--$236,169
Depreciation Depletion$152,127--$152,127
Interest$149,729--$149,729
Insurance$119,653--$119,653
Fees for Services Management-$116,238-$116,238
Other Employee Benefits$40,926--$40,926
Payroll Taxes$19,501$14,769-$34,270
All Other Expenses$7,751$20,556-$28,307
Office Expenses-$25,842-$25,842
Other Expenses$14,065$28,271-$14,065
Fees for Services Legal-$3,755-$3,755
Advertising-$561-$561
Total Functional Expenses$1,351,727$342,079$0$1,693,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,693,806
Total Expenses per Audited Statements$1,693,806
Total Expenses per Form 990$1,693,806
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
Security Deposits$40,052
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
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

“Management duties were performed through belmont management company.”

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

“Board minutes were not maintained for the fiscal year ended october 31, 2021.”

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

“Minutes of the committee meetings of the company were not maintained for the fiscal year ended october 31, 2021.”

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

“Form 990 is reviewed for accuracy and approved by belmont management company, then copies of the return are provided to the board before being signed by the board chairman.”

Form 990, Part VI, Section C, Line 19

“All governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Oak-michigan Housing Development
EIN
75-3201519
Phone
7168541251
Address
818 MICHIGAN AVENUE, BUFFALO, NY 14203

Signing Officer

Name
Deacon Archie Martin
Title
Co-chairman
Phone
7168541251
Signed
2022-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deacon Archie Martin
Formed
2005
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Efpr Group Cpas Pllc
Address
6390 MAIN STREET SUITE 200, WILLIAMSVILLE, NY 14221
Preparer
David a Urban CPA
Phone
7166340700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Audit exps: program service expenses 0. Management and general expenses 12,525. Fundraising expenses 0. Total expenses 12,525. Maintenance contracts: program service expenses 267,319. Management and general expenses 0. Fundraising expenses 0. Total expenses 267,319. Incentive performance fee: program service expenses 0. Management and general expenses 45,012. Fundraising expenses 0. Total expenses 45,012.”

FORM 990, PART XII, LINE 2C:

“No changes have taken place during the year ended october 31, 2021.”

Financial Statement Notes

PART X, LINE 2:

“The company is exempt from income taxes under section 501(c)(3) of the internal revenue code (the code), therefore, no provision for income taxes is reflected in the financial statements. The company has been classified as a publicly supported company that is not a private foundation under section 509(a) of the code. The company presently discloses or recognizes income tax positions based on management's estimate of whether it is reasonably possible or probable that a liability has been incurred for unrecognized income taxes. Management has concluded that the company has taken no uncertain tax positions that require adjustment in its financial statements. U.s. Forms 990 filed by the company are subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 468 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/OtherEmployeeBenefitsGrp/TotalAmt040926
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1GARBAGE & TRASH
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3VEHICLE OPERATION/REPAI
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt028271
IRS990/OtherExpensesGrp/ProgramServicesAmt072852
IRS990/OtherExpensesGrp/ProgramServicesAmt160914
IRS990/OtherExpensesGrp/ProgramServicesAmt214065
IRS990/OtherExpensesGrp/TotalAmt072852
IRS990/OtherExpensesGrp/TotalAmt160914
IRS990/OtherExpensesGrp/TotalAmt228271
IRS990/OtherExpensesGrp/TotalAmt314065
IRS990/OtherLiabilitiesGrp/BOYAmt042580
IRS990/OtherLiabilitiesGrp/EOYAmt040052
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06006
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06006
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15500
IRS990/OtherRevenueTotalAmt011506
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074550
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0210721
IRS990/OtherSalariesAndWagesGrp/TotalAmt0285271
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014769
IRS990/PayrollTaxesGrp/ProgramServicesAmt019501
IRS990/PayrollTaxesGrp/TotalAmt034270
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044747
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032136
IRS990/PrincipalOfficerNm0DEACON ARCHIE MARTIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01257555
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1482390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01257555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1482390
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0713
IRS990/PYOtherExpensesAmt01318423
IRS990/PYOtherRevenueAmt061440
IRS990/PYProgramServiceRevenueAmt01603239
IRS990/PYRevenuesLessExpensesAmt0-78828
IRS990/PYSalariesCompEmpBnftPaidAmt0425797
IRS990/PYTotalExpensesAmt01744220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01665392
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt058399
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01751451
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0713
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0559
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0436
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01751451
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01664679
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01653869
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01590430
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01631453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08291882
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0713
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0436
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02976
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt08291882
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01751451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01664679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01653869
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01590430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01631453
IRS990ScheduleA/Total509Grp/TotalAmt08291882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01752205
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01665392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01654383
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01590989
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01631889
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08294858
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0965932
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09996678
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010962610
IRS990ScheduleD/EquipmentGrp/BookValueAmt012868
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01078511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01091379
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01693806
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt075000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt075000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0233851
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11283465
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22683
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt340052
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MORTGAGE INSURANCE PREMIUM ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0166058
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0166058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01752205
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED COMPANY THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE COMPANY PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE COMPANY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE COMPANY ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01053800
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01560051
IRS990ScheduleD/TotalExpensesPerForm990Amt01693806
IRS990ScheduleD/TotalLiabilityAmt040052
IRS990ScheduleD/TotalRevenuePerForm990Amt01752205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01752205
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01693806
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES WERE PERFORMED THROUGH BELMONT MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MINUTES WERE NOT MAINTAINED FOR THE FISCAL YEAR ENDED OCTOBER 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES OF THE COMMITTEE MEETINGS OF THE COMPANY WERE NOT MAINTAINED FOR THE FISCAL YEAR ENDED OCTOBER 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED FOR ACCURACY AND APPROVED BY BELMONT MANAGEMENT COMPANY, THEN COPIES OF THE RETURN ARE PROVIDED TO THE BOARD BEFORE BEING SIGNED BY THE BOARD CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIT EXPS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,525. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,525. MAINTENANCE CONTRACTS: PROGRAM SERVICE EXPENSES 267,319. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 267,319. INCENTIVE PERFORMANCE FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 45,012. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGES HAVE TAKEN PLACE DURING THE YEAR ENDED OCTOBER 31, 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02703322
IRS990/TotalAssetsEOYAmt02822054
IRS990/TotalAssetsGrp/BOYAmt02703322
IRS990/TotalAssetsGrp/EOYAmt02822054
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,822,054
Liabilities
$8,372,267
Net assets
-$5,550,213
Revenue
$1,752,205
Expenses
$1,693,806
Net income
$58,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$5.70$0.15$5.55
2021Detailed filing. Detailed filing data is available for this year.$2.82$8.37$5.55$1.75$1.69$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.70$8.31$5.61$1.67$1.74$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.79$8.32$5.53$1.65$1.73$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.82$8.27$5.45$1.59$1.84$0.25
2017Detailed filing. Detailed filing data is available for this year.$3.04$8.25$5.20$1.65$2.28$0.63
2016Detailed filing. Detailed filing data is available for this year.$3.82$8.39$4.57$1.53$1.91$0.38
2015Detailed filing. Detailed filing data is available for this year.$4.20$8.39$4.19$1.52$1.89$0.36
2014Detailed filing. Detailed filing data is available for this year.$4.52$8.35$3.82$1.50$1.69$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$8.58$3.63$1.59
2012Summary only. Only limited summary data is available for this year.$4.99$8.65$3.65$1.55$1.68$0.13
2011Summary only. Only limited summary data is available for this year.$5.16$8.69$3.52$1.45$1.61$0.16