Civic Intelligence

Lagoon Beach Residents Association Inc

EIN 77-0284592 • 501(c)3 • Denver, CO

Profile

The association's exempt function / purpose is to provide affordable housing as a limited equity housing cooperative to low- or very low-income families.

1600 Broadway Suite 2000Denver, CO 80202-5704

www.mercyhousing.org

Siviq Scores

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

Liabilities / Assets

98th percentile

2.21x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

14.31x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-33%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

26th percentile

-4.0%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.2%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$2,275,186

Down $94,360 (-4.0%) from 2023

Liabilities

Up

$5,018,356

Up $22,486 (+0.5%) from 2023

Net Assets

Down

-$2,743,170

Down $116,846 (-4.4%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin9th percentile

Revenue

Up

$350,675

Up $20,617 (+6.2%) from 2023

Expenses

Down

$467,521

Down $17,082 (-3.5%) from 2023

Net Income

Up

-$116,846

Up $37,699 (+24%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2011: $2,443,413Liabilities 2011: $3,677,690Net Assets 2011: -$1,234,2772011Assets 2012: $2,409,794Liabilities 2012: $3,723,356Net Assets 2012: -$1,313,5622012Assets 2013: $2,371,400Liabilities 2013: $3,777,220Net Assets 2013: -$1,405,8202013Assets 2014: $2,340,732Liabilities 2014: $3,837,004Net Assets 2014: -$1,496,2722014Assets 2015: $2,300,101Liabilities 2015: $3,909,248Net Assets 2015: -$1,609,1472015Assets 2016: $2,212,463Liabilities 2016: $3,987,283Net Assets 2016: -$1,774,8202016Assets 2017: $2,154,238Liabilities 2017: $4,051,078Net Assets 2017: -$1,896,8402017Assets 2018: $2,065,867Liabilities 2018: $4,063,128Net Assets 2018: -$1,997,2612018Assets 2019: $2,021,797Liabilities 2019: $4,121,727Net Assets 2019: -$2,099,9302019Assets 2020: $2,211,942Liabilities 2020: $4,408,281Net Assets 2020: -$2,196,3392020Assets 2021: $2,617,961Liabilities 2021: $4,936,857Net Assets 2021: -$2,318,8962021Assets 2022: $2,506,565Liabilities 2022: $4,978,344Net Assets 2022: -$2,471,7792022Assets 2023: $2,369,546Liabilities 2023: $4,995,870Net Assets 2023: -$2,626,3242023Assets 2024: $2,275,186Liabilities 2024: $5,018,356Net Assets 2024: -$2,743,1702024

Highlighted filing

2024

Assets$2,275,186
Liabilities$5,018,356
Net Assets-$2,743,170
Open 2024 Filing

Operations Trend

Revenue Growth48th percentile

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

$600K$400K$200K$0-$200KExpenses 2011: $328,3972011Revenue 2012: $240,534Expenses 2012: $319,819Net Income 2012: -$79,2852012Expenses 2013: $337,7482013Revenue 2014: $244,813Expenses 2014: $335,265Net Income 2014: -$90,4522014Revenue 2015: $252,703Expenses 2015: $365,578Net Income 2015: -$112,8752015Revenue 2016: $260,135Expenses 2016: $380,524Net Income 2016: -$120,3892016Revenue 2017: $271,014Expenses 2017: $393,034Net Income 2017: -$122,0202017Revenue 2018: $274,264Expenses 2018: $374,685Net Income 2018: -$100,4212018Revenue 2019: $293,374Expenses 2019: $396,043Net Income 2019: -$102,6692019Revenue 2020: $281,216Expenses 2020: $377,625Net Income 2020: -$96,4092020Revenue 2021: $302,900Expenses 2021: $425,457Net Income 2021: -$122,5572021Revenue 2022: $304,714Expenses 2022: $457,597Net Income 2022: -$152,8832022Revenue 2023: $330,058Expenses 2023: $484,603Net Income 2023: -$154,5452023Revenue 2024: $350,675Expenses 2024: $467,521Net Income 2024: -$116,8462024

Highlighted filing

2024

Revenue$350,675
Expenses$467,521
Net Income-$116,846
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
$2,275,186
Liabilities
$5,018,356
Net assets
-$2,743,170
Revenue
$350,675
Expenses
$467,521
Net income
-$116,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$5.02$2.74$0.35$0.47$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.37$5.00$2.63$0.33$0.48$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$4.98$2.47$0.30$0.46$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$4.94$2.32$0.30$0.43$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$4.41$2.20$0.28$0.38$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.02$4.12$2.10$0.29$0.40$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$4.06$2.00$0.27$0.37$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$4.05$1.90$0.27$0.39$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$3.99$1.77$0.26$0.38$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.30$3.91$1.61$0.25$0.37$0.11
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$3.84$1.50$0.24$0.34$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$3.78$1.41$0.34
2012Summary only. Only limited summary data is available for this year.$2.41$3.72$1.31$0.24$0.32$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.44$3.68$1.23$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$350,675
Mission and Program Overview

Mission

The association's exempt function / purpose is to provide affordable housing as a limited equity housing cooperative to low or very low income families.

The association's exempt function/purpose is to provide affordable housing as a limited equity housing cooperative to low- or very low-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,150,304$1,071,366▼ $78,938
Intangible Assets-$796,437-
Cash and Non-Interest-Bearing Accounts$19,124$45,864▲ $26,740
Prepaid Expenses and Deferred Charges$14,126$14,087▼ $39
Accounts Receivable-$1-
Total Assets$2,369,546$2,275,186▼ $94,360
Other Assets Total$1,185,992$347,431▼ $838,561
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,150,455$2,238,284▼ $1,912,171
Accounts Payable and Accrued Expenses$46,659$1,979,393▲ $1,932,734
Other Liabilities$694,716$694,716→ $0
Escrow Account Liability$102,852$105,958▲ $3,106
Deferred Revenue$1,188$5▼ $1,183
Total Liabilities$4,995,870$5,018,356▲ $22,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,626,324$-2,743,170▼ $116,846
Total Net Assets Fund Balance$-2,626,324$-2,743,170▼ $116,846
Total Liabilities and Net Assets / Fund Balance$2,369,546$2,275,186▼ $94,360

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,071,366$1,016,124$2,087,490
Other Land Buildings$0$41,801$41,801
Other Assets Org$38,822--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Sabrina CastroPresident
Guadalupe PresaDirector
Janette HernandezDirector
Kitzia OrozcoDirector
Maria MartinezDirector
Martha ChavezDirector
Nancy FragozoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$37,768
Program Service Revenue
$299,825
Investment Income
$3,952
Other Revenue
$9,130
Change in Net Assets
$-116,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$350,675
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,080
Total Revenue per Audited Statements
$354,755
Total Revenue per Form 990
$350,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$260,741--$260,741
Fees for Services Other$82,294--$82,294
Depreciation Depletion$78,938--$78,938
Fees for Services Management$22,171--$22,171
Fees for Services Accounting-$13,448-$13,448
Office Expenses$9,270--$9,270
Conferences and Meetings$283--$283
Fees for Services Legal$196--$196
Other Expenses$170--$170
Advertising$10--$10
Total Functional Expenses$454,073$13,448$0$467,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$471,601
Expenses per Audited Statements$467,521
Total Expenses per Form 990$467,521
Expenses Not Reported on Form 990$4,080
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
Due to Affiliates$694,716
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 property is managed by mercy housing management ("mhm") according to the management agreement. The management fee is equal to $44 per unit per month. For the year ended december 31, 2024, $16,368 of management fees have been charged to operations.”

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

“Each member is given the opportunity to review the return before it is filed.”

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

“The audit committee reviews periodically the conflict of interest disclosures and determines whether any action is required.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Lagoon Beach Residents Association Inc
EIN
77-0284592
Phone
3038303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Sabrina Castro
Title
President
Phone
3038303300
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sabrina Castro
Formed
1991
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Jolanta Tuck
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 82,294. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,294.”

Financial Statement Notes

PART IV, LINE 2B:

“The corporation obtains security deposits from each tenant, pursuant to specific lease agreements. These deposits are held in a separate, federally insured account, and are either refunded to the tenants upon termination of tenancy or used to offset rents or repair costs.”

PART X, LINE 2:

“The corporation is exempt from income taxes under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the years ended december 31, 2024 and 2023. The corporation is required to file and does file tax returns with the internal revenue service and other taxing authorities. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2021 remain open.”

Raw XML AppendixShowing 400 of 439 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.

Path#Value
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IRS990/OccupancyGrp/TotalAmt0260741
IRS990/OfficeExpensesGrp/ProgramServicesAmt09270
IRS990/OfficeExpensesGrp/TotalAmt09270
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01185992
IRS990/OtherAssetsTotalGrp/EOYAmt0347431
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TAXES/LICENSES/PERMITS
IRS990/OtherExpensesGrp/ProgramServicesAmt0170
IRS990/OtherExpensesGrp/TotalAmt0170
IRS990/OtherLiabilitiesGrp/BOYAmt0694716
IRS990/OtherLiabilitiesGrp/EOYAmt0694716
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1531110
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc1GARAGE AND PARKING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05471
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1834
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05471
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1834
IRS990/OtherRevenueTotalAmt09130
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014126
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014087
IRS990/PrincipalOfficerNm0SABRINA CASTRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0NET RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0299825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0299825
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt038985
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03146
IRS990/PYOtherExpensesAmt0484603
IRS990/PYOtherRevenueAmt013206
IRS990/PYProgramServiceRevenueAmt0274721
IRS990/PYRevenuesLessExpensesAmt0-154545
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0484603
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0330058
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-116846
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0308955
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2023 AMOUNT: $ 5,184. 2024 AMOUNT: $ 5,471. OTHER INCOME - 2023 AMOUNT: $ 7,452. 2024 AMOUNT: $ 2,825. GARAGE AND PARKING - 2023 AMOUNT: $ 570. 2024 AMOUNT: $ 834.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt037768
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt038985
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt029652
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032304
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt031748
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0170457
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03952
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03146
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0443
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0812
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0737
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0299825
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0274721
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0274619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0269784
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0248731
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01367680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03952
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03146
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0443
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0812
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09090
IRS990ScheduleA/InvestmentIncomeCYPct00.00580
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt09130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013206
IRS990ScheduleA/OtherIncome509Grp/TotalAmt022336
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98000
IRS990ScheduleA/PublicSupportPY509Pct00.98780
IRS990ScheduleA/PublicSupportTotal509Amt01538137
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0337593
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0313706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0304271
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0302088
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0280479
IRS990ScheduleA/Total509Grp/TotalAmt01538137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0350675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0330058
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0304714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0302900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0281216
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01569563
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01071366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01016124
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02087490
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt04080
IRS990ScheduleD/DonatedServicesUseFcltsAmt04080
IRS990ScheduleD/ExpensesNotReportedAmt04080
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0467521
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0106703
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1177231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224675
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt338822
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPERATING RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3MISC CURRENT ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041801
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt041801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0694716
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt04080
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0350675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION OBTAINS SECURITY DEPOSITS FROM EACH TENANT, PURSUANT TO SPECIFIC LEASE AGREEMENTS. THESE DEPOSITS ARE HELD IN A SEPARATE, FEDERALLY INSURED ACCOUNT, AND ARE EITHER REFUNDED TO THE TENANTS UPON TERMINATION OF TENANCY OR USED TO OFFSET RENTS OR REPAIR COSTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01071366
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0347431
IRS990ScheduleD/TotalExpensesPerForm990Amt0467521
IRS990ScheduleD/TotalLiabilityAmt0694716
IRS990ScheduleD/TotalRevenuePerForm990Amt0350675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0354755
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0471601
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY MERCY HOUSING MANAGEMENT ("MHM") ACCORDING TO THE MANAGEMENT AGREEMENT. THE MANAGEMENT FEE IS EQUAL TO $44 PER UNIT PER MONTH. FOR THE YEAR ENDED DECEMBER 31, 2024, $16,368 OF MANAGEMENT FEES HAVE BEEN CHARGED TO OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER IS GIVEN THE OPPORTUNITY TO REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AUDIT COMMITTEE REVIEWS PERIODICALLY THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 82,294. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,294.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02369546
IRS990/TotalAssetsEOYAmt02275186
IRS990/TotalAssetsGrp/BOYAmt02369546
IRS990/TotalAssetsGrp/EOYAmt02275186
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt037768
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013448
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0454073
IRS990/TotalFunctionalExpensesGrp/TotalAmt0467521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04995870
IRS990/TotalLiabilitiesEOYAmt05018356
IRS990/TotalLiabilitiesGrp/BOYAmt04995870
IRS990/TotalLiabilitiesGrp/EOYAmt05018356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2626324
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2743170
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0454073
IRS990/TotalProgramServiceRevenueAmt0299825
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03952
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0308955
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0350675
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02369546
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02275186
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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