Civic Intelligence

Alexandria Housing Development Corporation

990 • Fiscal year 2016 • EIN 84-1650039

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 01, 2017

Organization ProfileWWW.HOUSINGALEXANDRIA.ORG

View Organization Page

801 North Pitt Street No 116Alexandria, VA 22314

(703) 739-7775

Siviq Scores

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

Liabilities / Assets

78th percentile

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

12.91x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

10th percentile

-24%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$139,262

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

46th percentile

1.1%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.8%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$23,635,097

Up $264,188 (+1.1%) from 2015

Net Assets

Down

$9,365,446

Down $260,592 (-2.7%) from 2015

Liabilities

Up

$14,269,651

Up $524,780 (+3.8%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin10th percentile

Revenue

Up

$1,105,489

Up $50,558 (+4.8%) from 2015

Expenses

Up

$1,366,081

Up $199,118 (+17%) from 2015

Net Income

Down

-$260,592

Down $148,560 (-133%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$300M$200M$100M$0-$100MAssets 2010: $10,627,798Liabilities 2010: $2,327,882Net Assets 2010: $8,299,9162010Assets 2011: $34,057,443Liabilities 2011: $26,158,937Net Assets 2011: $7,898,5062011Assets 2012: $34,437,672Liabilities 2012: $26,484,910Net Assets 2012: $7,952,7622012Assets 2013: $34,664,268Liabilities 2013: $26,877,845Net Assets 2013: $7,786,4232013Assets 2014: $23,643,372Liabilities 2014: $13,905,302Net Assets 2014: $9,738,0702014Assets 2015: $23,370,909Liabilities 2015: $13,744,871Net Assets 2015: $9,626,0382015Assets 2016: $23,635,097Liabilities 2016: $14,269,651Net Assets 2016: $9,365,4462016Assets 2017: $24,720,487Liabilities 2017: $15,705,911Net Assets 2017: $9,014,5762017Assets 2018: $13,583,730Liabilities 2018: $2,890,208Net Assets 2018: $10,693,5222018Assets 2019: $21,970,340Liabilities 2019: $8,933,466Net Assets 2019: $13,036,8742019Assets 2020: $129,845,902Liabilities 2020: $119,850,682Net Assets 2020: $9,995,2202020Assets 2021: $129,711,642Liabilities 2021: $124,491,325Net Assets 2021: $5,220,3172021Assets 2022: $186,839,612Liabilities 2022: $186,821,136Net Assets 2022: $18,4762022Assets 2023: $211,634,366Liabilities 2023: $216,592,908Net Assets 2023: -$4,958,5422023Assets 2024: $229,371,203Liabilities 2024: $238,101,064Net Assets 2024: -$8,729,8612024

Highlighted filing

2016

Assets$23,635,097
Liabilities$14,269,651
Net Assets$9,365,446
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $235,2722010Expenses 2011: $1,436,5762011Expenses 2012: $1,910,0892012Revenue 2013: $2,099,539Expenses 2013: $2,265,878Net Income 2013: -$166,3392013Revenue 2014: $3,886,670Expenses 2014: $1,935,023Net Income 2014: $1,951,6472014Revenue 2015: $1,054,931Expenses 2015: $1,166,963Net Income 2015: -$112,0322015Revenue 2016: $1,105,489Expenses 2016: $1,366,081Net Income 2016: -$260,5922016Revenue 2017: $1,149,422Expenses 2017: $1,500,292Net Income 2017: -$350,8702017Revenue 2018: $4,500,719Expenses 2018: $2,841,324Net Income 2018: $1,659,3952018Revenue 2019: $3,608,241Expenses 2019: $1,414,783Net Income 2019: $2,193,4582019Revenue 2020: $10,053,234Expenses 2020: $13,094,575Net Income 2020: -$3,041,3412020Revenue 2021: $8,689,601Expenses 2021: $13,464,612Net Income 2021: -$4,775,0112021Revenue 2022: $12,284,689Expenses 2022: $17,486,321Net Income 2022: -$5,201,6322022Revenue 2023: $14,111,076Expenses 2023: $19,106,236Net Income 2023: -$4,995,1602023Revenue 2024: $16,572,591Expenses 2024: $20,346,453Net Income 2024: -$3,773,8622024

Highlighted filing

2016

Revenue$1,105,489
Expenses$1,366,081
Net Income-$260,592
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,105,489
Mission and Program Overview

Mission

The organization's primary exempt purpose is to produce and preserve affordable housing in the city of alexandria, va.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,732,221$10,598,619▼ $133,602
Investments Program Related$7,900,000$7,900,000→ $0
Savings and Temporary Cash Investments$1,184,951$1,187,336▲ $2,385
Cash and Non-Interest-Bearing Accounts$238,821$56,870▼ $181,951
Accounts Receivable$23,798$19,124▼ $4,674
Pledges and Grants Receivable$17,418$0▼ $17,418
Intangible Assets$7,329--
Prepaid Expenses and Deferred Charges$5,297$6,306▲ $1,009
Total Assets$23,370,909$23,635,097▲ $264,188
Other Assets Total$3,261,074$3,866,842▲ $605,768
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,398,406$12,797,269▲ $398,863
Accounts Payable and Accrued Expenses$1,293,144$1,428,705▲ $135,561
Escrow Account Liability$22,043$27,713▲ $5,670
Other Liabilities$19,604$9,948▼ $9,656
Deferred Revenue$11,674$6,016▼ $5,658
Total Liabilities$13,744,871$14,269,651▲ $524,780
Net Assets / Fund Balance
Unrestricted Net Assets$9,293,583$9,032,991▼ $260,592
Permanently Rstr Net Assets$332,455$332,455→ $0
Total Net Assets Fund Balance$9,626,038$9,365,446▼ $260,592
Total Liabilities and Net Assets / Fund Balance$23,370,909$23,635,097▲ $264,188

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,990,813-$5,990,813
Buildings$4,525,153$670,387$5,195,540
Other Land Buildings$78,349$48,613$126,962
Equipment$4,304$4,918$9,222
Investment Program Related Org$7,900,000--
Other Assets Org$75,151--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon FrederickExecutive DirectorFT$127,510$11,752$139,262

Board Members and Trustees

NameTitle
Daniel AbramsonPresident
Robert BurnsVice President
Joseph OuelletteMember
Joseph ResendeMember
Lindsey VickMember
Meghan GlasheenMember
Michael CaisonMember
John CorradoSecretary
Catherine PharisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$276,356
Program Service Revenue
$824,582
Investment Income
$4,551
Other Revenue
$0
All Other Contributions
$2,823
Change in Net Assets
$-260,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,709
Revenue Not Reported on Financial Statements
$131,780
Revenue Not Reported on Form 990
$2,250,185
Other Revenue Adjustments
$131,780
Total Revenue per Audited Statements
$3,223,894
Total Revenue per Form 990
$1,105,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$976,659
Salaries, Compensation, and Employee Benefits$383,172
Grants and Similar Amounts Paid$6,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$582,466--$582,466
Other Salaries and Wages$135,554$72,690-$208,244
Current Officers, Directors, Trustees, and Key Employees$69,631$69,631-$139,262
Depreciation Depletion$133,602--$133,602
Office Expenses$30,626$49,509-$80,135
Fees for Services Accounting$19,960$29,060-$49,020
Fees for Services Management$31,122--$31,122
Payroll Taxes$3,958$21,114-$25,072
Fees for Services Other$24,019$500-$24,519
Interest-$23,995-$23,995
Other Employee Benefits$5,777$4,817-$10,594
Grants to Domestic Orgs$6,250--$6,250
All Other Expenses$2,132$3,346-$5,478
Travel-$4,104-$4,104
Fees for Services Legal$181$3,899-$4,080
Advertising$3,541$158-$3,699
Insurance-$3,281-$3,281
Other Expenses$2,722$3,665-$2,722
Total Functional Expenses$1,054,922$311,159$0$1,366,081

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,601,336
Expenses Not Reported on Form 990$3,459,539
Total Expenses per Form 990$1,366,081
Expenses per Audited Statements$1,141,797
Expenses Not Reported on Financial Statements$224,284
Other Expense Adjustments$224,284
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Urban Alliance Foundation IncWashington, DC501(c)(3)To provide funding for an Intern in the Urban Alliance Program that was working for Alexandria Housing Development Corporation$6,250
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
Deferred Cable Revenue$5,578
RPO Replacement Reserve$2,585
Due To/From City of Alexandria Poli$1,785
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“AHDC Acquisition I, LLC is managed by Residential One, LLC, an unrelated party, pursuant to the terms of a management agreement dated June 27, 2011. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is computed at 4.5% of rental collections, as defined. For the year ended December 31, 2016, property management fees of $30,732 were incurred and paid. AHDC RPO Unit #1, LLC is managed by Equity Management II, LLC, an unrelated party, pursuant to the terms of a management agreement dated January 1, 2012. The agreement is for one year and will remain in effect on a month-to-month basis unless terminated pursuant to the agreement. The fee is $80 per month and is payable quarterly. For the year ended December 31, 2016, property management fees of $961 were incurred and paid.”

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

“The draft is reviewed by the executive director, treasurer and the accountants. The draft is compared to the prior years return and the financial statements. The executive director or the treasurer gives the approval for the final version of the form 990 to be created.”

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

“The organization's conflict of interest policy requires that each director, principal officer and member of board of directors or appropriate committee with delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy, and d. Understands that alexandria housing development corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents and policies are available for public inspection at the organization's office during regular business hours or upon request.”

Filing and Contact Details

Filer

Filer Name
Alexandria Housing Development
EIN
84-1650039
Phone
7037397775
Address
801 North Pitt Street No 116, Alexandria, VA 22314

Signing Officer

Name
Daniel Abramson
Title
President
Phone
7037397775
Signed
2017-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Abramson
Formed
2004
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
10

Preparer

Firm
Hertzbach & Company PA
Address
800 Red Brook Blvd Suite 300, Owings Mills, MD 21117
Preparer
Jeffrey M Kleeman
Phone
4103633200
Supplemental Narrative

Additional Explanations

FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE:

“Utilities $111,981 mortgage interest 283,344 repairs & maintenance 108,617 property insurance 23,223 real estate taxes 55,301 total occupancy expense $582,466”

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part IV, Line 2B:

“The amount of $29,708 on the accompanying balance sheet represents funds deposited in a savings account with a balance which should be at least equal to the tenants' security deposits. Virginia Rent Escrow Law requires the Corporation to maintain a separate account for deposits paid by the tenants, and to credit the deposits annually with interest at 1% below the current federal rate. Tenant security deposits are held in a federally insured bank.”

Part X, Line 2:

“The Corporation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, except for unrelated business income as defined in the Code. The Corporation did not have any unrelated business income during the years ended December 31, 2016 and 2015. Accordingly, no provision for income taxes has been included in the accompanying consolidated financial statements.”

Part XI, Line 2D - Other Adjustments:

“Elimination of affiliates' revenues 2,250,185.”

Part XI, Line 4B - Other Adjustments:

“Elimination of intercompany transactions 131,780.”

Part XII, Line 2D - Other Adjustments:

“Elimination of affiliates' expenses 3,459,539.”

Part XII, Line 4B - Other Adjustments:

“Elimination of intercompany transactions 224,284.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantAmt06250
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ManagementAndGeneralAmt03281
IRS990/InsuranceGrp/TotalAmt03281
IRS990/IntangibleAssetsGrp/BOYAmt07329
IRS990/InterestGrp/ManagementAndGeneralAmt023995
IRS990/InterestGrp/TotalAmt023995
IRS990/InvestmentIncomeGrp/ExclusionAmt04551
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04551
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt07900000
IRS990/InvestmentsProgramRelatedGrp/EOYAmt07900000
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt010732221
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010598619
IRS990/LandBldgEquipCostOrOtherBssAmt011322537
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PRODUCE AND PRESERVE AFFORDABLE HOUSING IN THE CITY OF ALEXANDRIA, VA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012398406
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012797269
IRS990/NetAssetsOrFundBalancesBOYAmt09626038
IRS990/NetAssetsOrFundBalancesEOYAmt09365446
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IRS990/OccupancyGrp/TotalAmt0582466
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt049509
IRS990/OfficeExpensesGrp/ProgramServicesAmt030626
IRS990/OfficeExpensesGrp/TotalAmt080135
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03261074
IRS990/OtherAssetsTotalGrp/EOYAmt03866842
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04817
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05777
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010594
IRS990/OtherExpensesGrp/Desc0Rent
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Licenses
IRS990/OtherExpensesGrp/Desc3Bad Debts
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021390
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13665
IRS990/OtherExpensesGrp/ProgramServicesAmt03381
IRS990/OtherExpensesGrp/ProgramServicesAmt12722
IRS990/OtherExpensesGrp/TotalAmt021390
IRS990/OtherExpensesGrp/TotalAmt13665
IRS990/OtherExpensesGrp/TotalAmt23381
IRS990/OtherExpensesGrp/TotalAmt32722
IRS990/OtherLiabilitiesGrp/BOYAmt019604
IRS990/OtherLiabilitiesGrp/EOYAmt09948
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072690
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0135554
IRS990/OtherSalariesAndWagesGrp/TotalAmt0208244
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021114
IRS990/PayrollTaxesGrp/ProgramServicesAmt03958
IRS990/PayrollTaxesGrp/TotalAmt025072
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0332455
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0332455
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017418
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05297
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06306
IRS990/PrincipalOfficerNm0DANIEL ABRAMSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0Rental Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Program Interest Incom
IRS990/ProgramServiceRevenueGrp/Desc2Tenant Charges
IRS990/ProgramServiceRevenueGrp/Desc3Other Revenue
IRS990/ProgramServiceRevenueGrp/Desc4Partnership Mgmt Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0669446
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1127360
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213790
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38126
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0669446
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44900
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION OWNS AND OPERATES A MULTIFAMILY HOUSING PROPERTY IN COOPERATION WITH THE CITY OF ALEXANDRIA. AHDC as sole member and developer for Acquisition 1, LLC, has worked to evaluate and pursue refinancing options for these properties to remain affordable as low and very low income rental units for the next 40 years. HUD has approved the concept posed by AHDC to refinance the current 1st Trust for 40 years. The Organization intends to sell the remaining property in 2017.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0848817
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0691270
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION HAS ACQUIRED A RESIDENTIAL UNIT FOR THE PURPOSE OF PROVIDING RENTAL HOUSING, AT NO COST, TO A RETIRED CITY OF ALEXANDRIA POLICE OFFICER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0480
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0960
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0256606
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0500
IRS990/PYInvestmentIncomeAmt02896
IRS990/PYOtherExpensesAmt0935665
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0795429
IRS990/PYRevenuesLessExpensesAmt0-112032
IRS990/PYSalariesCompEmpBnftPaidAmt0230798
IRS990/PYTotalExpensesAmt01166963
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01054931
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-260592
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0132352
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01184951
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01187336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0276356
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0256606
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0274397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0350884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0263340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01421583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02896
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0830
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0152
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09358
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08680033
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99350
IRS990ScheduleA/PublicSupportPY170Pct00.99640
IRS990ScheduleA/PublicSupportTotal170Amt01421583
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0276356
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0256606
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0274397
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0350884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0263340
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01421583
IRS990ScheduleA/TotalSupportAmt01430941
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/BookValueAmt04525153
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0670387
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05195540
IRS990ScheduleD/EquipmentGrp/BookValueAmt04304
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04918
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09222
IRS990ScheduleD/ExpensesNotReportedAmt03459539
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0224284
IRS990ScheduleD/ExpensesSubtotalAmt01141797
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07900000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LOAN RECEIVABLE - APSLP
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt05990813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05990813
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02121435
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt129708
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2903275
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3737273
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt475151
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Developer Fee Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Predevelopment Costs
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Loan Interest Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Escrows And Reserves
IRS990ScheduleD/OtherExpensesIncludedAmt03459539
IRS990ScheduleD/OtherExpensesNotIncludedAmt0224284
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078349

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,635,097
Liabilities
$14,269,651
Net assets
$9,365,446
Revenue
$1,105,489
Expenses
$1,366,081
Net income
-$260,592
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$229$238$8.73$16.6$20.3$3.77
2023Detailed filing. Detailed filing data is available for this year.$212$217$4.96$14.1$19.1$5.00
2022Detailed filing. Detailed filing data is available for this year.$187$187$0.02$12.3$17.5$5.20
2021Detailed filing. Detailed filing data is available for this year.$130$124$5.22$8.69$13.5$4.78
2020Detailed filing. Detailed filing data is available for this year.$130$120$10.00$10.1$13.1$3.04
2019Detailed filing. Detailed filing data is available for this year.$22.0$8.93$13.0$3.61$1.41$2.19
2018Detailed filing. Detailed filing data is available for this year.$13.6$2.89$10.7$4.50$2.84$1.66
2017Detailed filing. Detailed filing data is available for this year.$24.7$15.7$9.01$1.15$1.50$0.35
2016Detailed filing. Detailed filing data is available for this year.$23.6$14.3$9.37$1.11$1.37$0.26
2015Detailed filing. Detailed filing data is available for this year.$23.4$13.7$9.63$1.05$1.17$0.11
2014Detailed filing. Detailed filing data is available for this year.$23.6$13.9$9.74$3.89$1.94$1.95
2013Detailed filing. Detailed filing data is available for this year.$34.7$26.9$7.79$2.10$2.27$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$26.5$7.95$1.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.1$26.2$7.90$1.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$2.33$8.30$0.24