Civic Intelligence

Fair Haven West Inc C/O Darwin T Lynner Co Inc

990 • Fiscal year 2019 • EIN 77-0630779

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 04, 2020

2930 Bell AvenueDes Moines, IA 50321-1421

(515) 243-8300

Siviq Scores

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

Liabilities / Assets

37th percentile

0.03x

Higher debt load relative to assets than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.37x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-2.4%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

9.6%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,969,104

Down $48,768 (-2.4%) from 2018

Net Assets

Down

$1,912,018

Down $44,826 (-2.3%) from 2018

Liabilities

Down

$57,086

Down $3,942 (-6.5%) from 2018

Revenue

Up

$153,482

Up $13,486 (+9.6%) from 2018

Expenses

Down

$198,308

Down $14,818 (-7.0%) from 2018

Net Income

Up

-$44,826

Up $28,304 (+39%) from 2018

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$0Assets 2010: $2,530,732Liabilities 2010: $12,810Net Assets 2010: $2,517,9222010Assets 2011: $2,458,891Liabilities 2011: $11,708Net Assets 2011: $2,447,1832011Assets 2012: $2,379,154Liabilities 2012: $9,187Net Assets 2012: $2,369,9672012Assets 2013: $2,311,299Liabilities 2013: $9,279Net Assets 2013: $2,302,0202013Assets 2014: $2,237,744Liabilities 2014: $10,732Net Assets 2014: $2,227,0122014Assets 2015: $2,187,584Liabilities 2015: $34,920Net Assets 2015: $2,152,6642015Assets 2016: $2,140,633Liabilities 2016: $39,142Net Assets 2016: $2,101,4912016Assets 2017: $2,079,295Liabilities 2017: $49,321Net Assets 2017: $2,029,9742017Assets 2018: $2,017,872Liabilities 2018: $61,028Net Assets 2018: $1,956,8442018Assets 2019: $1,969,104Liabilities 2019: $57,086Net Assets 2019: $1,912,0182019Assets 2020: $1,933,895Liabilities 2020: $58,144Net Assets 2020: $1,875,7512020Assets 2021: $1,897,762Liabilities 2021: $66,919Net Assets 2021: $1,830,8432021Assets 2022: $1,865,334Liabilities 2022: $106,575Net Assets 2022: $1,758,7592022Assets 2023: $1,772,093Liabilities 2023: $54,881Net Assets 2023: $1,717,2122023Assets 2024: $1,719,295Liabilities 2024: $87,994Net Assets 2024: $1,631,3012024

Highlighted filing

2019

Assets$1,969,104
Liabilities$57,086
Net Assets$1,912,018

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $172,3932010Expenses 2011: $186,0542011Expenses 2012: $186,3782012Revenue 2013: $119,748Expenses 2013: $187,695Net Income 2013: -$67,9472013Revenue 2014: $121,092Expenses 2014: $196,100Net Income 2014: -$75,0082014Revenue 2015: $124,743Expenses 2015: $199,091Net Income 2015: -$74,3482015Revenue 2016: $135,753Expenses 2016: $186,926Net Income 2016: -$51,1732016Revenue 2017: $137,992Expenses 2017: $209,509Net Income 2017: -$71,5172017Revenue 2018: $139,996Expenses 2018: $213,126Net Income 2018: -$73,1302018Revenue 2019: $153,482Expenses 2019: $198,308Net Income 2019: -$44,8262019Revenue 2020: $158,782Expenses 2020: $195,049Net Income 2020: -$36,2672020Revenue 2021: $152,459Expenses 2021: $197,367Net Income 2021: -$44,9082021Revenue 2022: $140,429Expenses 2022: $212,513Net Income 2022: -$72,0842022Revenue 2023: $162,674Expenses 2023: $204,221Net Income 2023: -$41,5472023Revenue 2024: $149,889Expenses 2024: $235,800Net Income 2024: -$85,9112024

Highlighted filing

2019

Revenue$153,482
Expenses$198,308
Net Income-$44,826
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$153,482
Mission and Program Overview

Mission

Fair haven west apartments, inc. Is an iowa not-for-profit corporation that was organized to construct, own and operate a 29 unit apartment community known as fair haven west apartments located in des moines, iowa. The community is being financed with capital advances insured by the department of housing and urban development under section 202 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,721,459$1,651,912▼ $69,547
Investments Program Related$278,776$292,003▲ $13,227
Cash and Non-Interest-Bearing Accounts$503$3,014▲ $2,511
Prepaid Expenses and Deferred Charges$7,909$2,694▼ $5,215
Accounts Receivable$0$0→ $0
Total Assets$2,017,872$1,969,104▼ $48,768
Other Assets Total$9,225$19,481▲ $10,256
Liabilities
Other Liabilities$53,797$54,312▲ $515
Accounts Payable and Accrued Expenses$6,863$2,774▼ $4,089
Deferred Revenue$368$0▼ $368
Total Liabilities$61,028$57,086▼ $3,942
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,956,844$1,912,018▼ $44,826
Total Net Assets Fund Balance$1,956,844$1,912,018▼ $44,826
Total Liabilities and Net Assets / Fund Balance$2,017,872$1,969,104▼ $48,768

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,591,137$811,562$2,402,699
Leasehold Improvements$60,775$126,225$187,000
Equipment$0$107,378$107,378
Investment Program Related Org$52,374--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jerry EllisPresident
Morry BlankespoorVice President
Elinor BogaardDirector
John Vander WertDirector
Kay De CookDirector
Mary GlendeningSecretary
Robert Van DykeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$46,670
Program Service Revenue
$98,480
Investment Income
$2,621
Other Revenue
$5,711
Change in Net Assets
$-44,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$153,482
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$153,482
Total Revenue per Form 990
$153,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,308
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$82,507--$82,507
Depreciation Depletion$69,548--$69,548
Fees for Services Management-$16,259-$16,259
Fees for Services Accounting-$6,285-$6,285
Office Expenses-$5,527-$5,527
Other Expenses$262--$262
Advertising-$166-$166
Total Functional Expenses$170,071$28,237$0$198,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$198,308
Total Expenses per Audited Statements$198,308
Total Expenses per Form 990$198,308
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
Residual Receipts Available for Rec$45,124
Security Deposits$9,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

Fair haven west, inc. Is managed by darwin t. Lynner, inc., a professional property management company. Darwin t. Lynner, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved darwin t. Lynner, inc. To manage the fair haven west apartment community. The management contract encompasses the day to day operations of the project including, but not limited to collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

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

The auditing firm sends a draft of the return to the management company. The management company forwards a copy of the return to each board member for their comments prior to filing.

Form 990, Part VI, Section B, Line 12

Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance.

Form 990, Part VI, Section C, Line 19

The form 990 and all related financial and policy information are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Fair Haven West Inc
EIN
77-0630779
Phone
5152438300
Address
2930 BELL AVENUE, DES MOINES, IA 50321-1421

Signing Officer

Name
Jerry Ellis
Title
President
Phone
5152438300
Signed
2020-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Ellis
Formed
2006
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

The management company receives a copy of the audit. Prior to the finalization of the audit, a copy of the audit is given to all of the board members for their comments. When the audit is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

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IRS990/Form990PartVIISectionAGrp/PersonNm1MORRY BLANKESPOOR
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IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT VAN DYKE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07909
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02694
IRS990/PrincipalOfficerNm0JERRY ELLIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt098480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt098480
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt041363
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01360
IRS990/PYOtherExpensesAmt0213126
IRS990/PYOtherRevenueAmt05721
IRS990/PYProgramServiceRevenueAmt091552
IRS990/PYRevenuesLessExpensesAmt0-73130
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0213126
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0139996
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-44826
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt027
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt098480
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt046670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt041363
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt041306
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt040978
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt027422
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0197739
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02648
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01468
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01228
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0987
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01051
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07382
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt098480
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt091552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt091326
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt090686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt093229
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0465273
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02648
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01468
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01228
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07382
IRS990ScheduleA/InvestmentIncomeCYPct00.01070
IRS990ScheduleA/InvestmentIncomePYPct00.00890
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05684
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05613
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt04132
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03102
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03041
IRS990ScheduleA/OtherIncome509Grp/TotalAmt021572
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95820
IRS990ScheduleA/PublicSupportPY509Pct00.96220
IRS990ScheduleA/PublicSupportTotal509Amt0663012
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0145150
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0132915
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0132632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131664
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0120651
IRS990ScheduleA/Total509Grp/TotalAmt0663012
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0153482
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0139996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0137992
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0135753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0124743
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0691966
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01591137
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0811562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02402699
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0107378
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0107378
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0198308
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0239629
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt152374
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE REPLACEMENT FUND
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt060775
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0126225
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0187000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09188
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt145124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS AVAILABLE FOR REC
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0153482
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01651912
IRS990ScheduleD/TotalBookValueProgramRltdAmt0292003
IRS990ScheduleD/TotalExpensesPerForm990Amt0198308
IRS990ScheduleD/TotalLiabilityAmt054312
IRS990ScheduleD/TotalRevenuePerForm990Amt0153482
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0153482
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0198308
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAIR HAVEN WEST, INC. IS MANAGED BY DARWIN T. LYNNER, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. DARWIN T. LYNNER, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED DARWIN T. LYNNER, INC. TO MANAGE THE FAIR HAVEN WEST APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
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 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02017872
IRS990/TotalAssetsEOYAmt01969104
IRS990/TotalAssetsGrp/BOYAmt02017872
IRS990/TotalAssetsGrp/EOYAmt01969104
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt046670
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028237
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170071
IRS990/TotalFunctionalExpensesGrp/TotalAmt0198308
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061028
IRS990/TotalLiabilitiesEOYAmt057086
IRS990/TotalLiabilitiesGrp/BOYAmt061028
IRS990/TotalLiabilitiesGrp/EOYAmt057086
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01956844
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01912018
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0170071
IRS990/TotalProgramServiceRevenueAmt098480
IRS990/TotalReportableCompFromOrgAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.09$1.63$0.15$0.24$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.05$1.72$0.16$0.20$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.11$1.76$0.14$0.21$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.90$0.07$1.83$0.15$0.20$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.93$0.06$1.88$0.16$0.20$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.97$0.06$1.91$0.15$0.20$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.02$0.06$1.96$0.14$0.21$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.08$0.05$2.03$0.14$0.21$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.14$0.04$2.10$0.14$0.19$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.03$2.15$0.12$0.20$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.12$0.20$0.08
2013Detailed filing. Detailed filing data is available for this year.$2.31$0.01$2.30$0.12$0.19$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.01$2.37$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.01$2.45$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.01$2.52$0.17