Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.97x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
11th percentile
Higher top officer pay than 11% of similar nonprofits.
Top officer pay equals 7.6% of source-year revenue.
Asset Growth
83rd percentile
Faster asset growth than 83% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Up$28,304,078
Up $4,986,948 (+21%) from 2021
Net Assets
Down$887,323
Down $187,468 (-17%) from 2021
Liabilities
Up$27,416,755
Up $5,174,416 (+23%) from 2021
Revenue And Expenses
Revenue
Up$953,596
Up $700,173 (+276%) from 2021
Expenses
Up$2,398,472
Up $1,963,575 (+452%) from 2021
Net Income
Down-$1,444,876
Down $1,263,402 (-696%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 9, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $953,596
Mission and Program Overview
Mission
Construction of housing for senior adults
Construction and operation of housing for senior adults
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $21,862,980 | $25,630,337 | ▲ $3,767,357 |
| Accounts Receivable | $4,520 | $11,313 | ▲ $6,793 |
| Prepaid Expenses and Deferred Charges | - | $-11,424 | - |
| Total Assets | $23,317,130 | $28,304,078 | ▲ $4,986,948 |
| Other Assets Total | $1,449,630 | $2,673,852 | ▲ $1,224,222 |
| Liabilities | |||
| Other Liabilities | $20,341,950 | $27,210,329 | ▲ $6,868,379 |
| Accounts Payable and Accrued Expenses | $1,900,389 | $206,426 | ▼ $1,693,963 |
| Total Liabilities | $22,242,339 | $27,416,755 | ▲ $5,174,416 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,074,791 | $887,323 | ▼ $187,468 |
| Total Net Assets Fund Balance | $1,074,791 | $887,323 | ▼ $187,468 |
| Total Liabilities and Net Assets / Fund Balance | $23,317,130 | $28,304,078 | ▲ $4,986,948 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $19,465,072 | $709,518 | $20,174,590 |
| Leasehold Improvements | $3,559,402 | $279,401 | $3,838,803 |
| Equipment | $1,705,863 | $83,894 | $1,789,757 |
| Land | $900,000 | - | $900,000 |
| Other Assets Org | $571,174 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Wenona Breazeale | Manager AL/RLC | FT | $68,893 | $3,185 | $72,078 |
Board Members and Trustees
| Name | Title |
|---|---|
| Aaron Lundgaard | Chair |
| Ricardo Lara Jr | Vice Chair |
| Andrew Adair | trustee |
| Briana Jacob | trustee |
| Eddia McDade | trustee |
| Elaine Walton | trustee |
| Farrah Randayal | trustee |
| Frank Gitre | trustee |
| Gary Gendernalik | trustee |
| Janet Lickman | trustee |
| Jeffrey Pike | trustee |
| Melinda Conway Callahan | trustee |
| Michael Passmore | trustee |
| Monnencia Riley | trustee |
| Patricia Pike | trustee |
| Kathryn Bartz | Secretary |
| Debra Denler | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $946,679
- Investment Income
- $6,290
- Other Revenue
- $627
- Change in Net Assets
- $-1,444,876
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $953,596
- Total Revenue per Audited Statements
- $953,596
- Total Revenue per Form 990
- $953,596
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $2,185,150 |
| Salaries, Compensation, and Employee Benefits | $213,322 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $897,739 | $2,050 | - | $899,789 |
| Interest | $758,845 | $1,733 | - | $760,578 |
| Other Salaries and Wages | $133,085 | $68,893 | - | $201,978 |
| Advertising | $195,010 | - | - | $195,010 |
| Occupancy | $142,023 | $324 | - | $142,347 |
| Information Technology | - | $40,424 | - | $40,424 |
| Fees for Services Management | - | $37,887 | - | $37,887 |
| Fees for Services Legal | - | $34,905 | - | $34,905 |
| Insurance | $26,914 | $61 | - | $26,975 |
| Travel | $22,459 | - | - | $22,459 |
| Payroll Taxes | $11,024 | - | - | $11,024 |
| Other Expenses | $9,661 | - | - | $9,661 |
| Office Expenses | $909 | $4,596 | - | $5,505 |
| All Other Expenses | $1 | $5,071 | - | $5,072 |
| Fees for Services Accounting | - | $4,538 | - | $4,538 |
| Other Employee Benefits | $211 | $109 | - | $320 |
| Total Functional Expenses | $2,197,881 | $200,591 | $0 | $2,398,472 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $2,398,472 |
| Total Expenses per Audited Statements | $2,398,472 |
| Total Expenses per Form 990 | $2,398,472 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Federal income taxes | $27,210,329 |
| Provision for interest swap agreement | - |
| Loans due to PVM | - |
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
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- Yes
- Management duties delegated
- Yes
Governance Explanations
Form 990, Part VI, Section A, Line 3
“The Organization contracts with Presbyterian Villages of Michigan for management services”
Form 990, Part VI, Section A, Line 7A
“Presbyterian Villages of Michigan is the sole member of the corporation and appoints the members of the board.”
Form 990, Part VI, Section B, Line 11
“A copy of the completed form and all related schedules was distributed to the board members via e-mail for their review, comment and questions prior to filing”
Form 990, Part VI, Section B, Line 12
“Presbyterian Villages of Michigan annually distributes conflict of interest forms to all board members and senior staff. Forms are returned to the PVM offices. This Organization does not have its own conflict of interest policy, but uses the conflict of interest policy of Presbyterian Villages of Michigan.”
Form 990, Part VI, Section B, Line 13
“The Organization does not have its own whistleblower policy. It relies on the policy of PVM, its management company”
Form 990, Part VI, Section B, Line 14
“The Organization does not have a written document retention policy approved by its board of directors it relies on the policy adopted by Presbyterian Villages of Michigan, its management agent”
Form 990, Part VI, Section B, Line 15B
“A biannual salary study is conducted by an independent compensation consultant/analyst who reports to the PVM Executive Committee acting in their capacity as the PVM Compensation Committee. Compensation rates are also routinely surveyed and evaluated for all employee positions.”
Form 990, Part VI, Section C, Line 19
“The Organization has not yet established a process for publicly disclosing its governing documents or conflict of interest policy. Such items are available upon request. Annual audits and Form 990 are available at www.PVM.org”
Form 990, Part VI, Section C, Line 20
“A tax exempt bond issue was completed in 2020 in order to refinance certain commercial loans and to provide new money for a variety of capital projects, including the construction of Harbor Inn. The entire bond issue was done in the name of Presbyterian Villages of Michigan for the benefit of the Obligated Group. Funds were loaned to these entities and are reported as unsecured debt on their Form 990.”
Filing and Contact Details
Filer
- Filer Name
- Harbor Inn
- EIN
- 84-2483072
- Address
- 26200 Lahser Rd APT 300, Southfield, MI 48033
- Doing Business As
- Harbor Inn
Signing Officer
- Name
- Aaron Lundgaard
- Title
- Board Chair
- Signed
- 2023-11-09
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Aaron Lundgaard
- Formed
- 2018
- Legal Domicile
- Mi
- Voting Board Members
- 17
- Independent Board Members
- 17
- Employees
- 0
- Volunteers
- 17
Supplemental Narrative
Additional Explanations
Form 990, Part V, Line 2A
“PVM acts as a common pay master for all entities within the PVM system, therefore this Organization does not file any W-2 forms. The Organization reported here had 1 employee during 2022.”
Financial Statement Notes
X 1
“The Obligated Group members are not-for-profit corporations and are exempt from tax under the provisions of Internal Revenue Code Section 501c3. Accordingly, no tax provision is recorded in the special purpose combined financial statements.”
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 16 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 17 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Manager AL/RLC |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Vice Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | trustee |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2018 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 17 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 953596 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 17 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartVInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 40424 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 40424 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 61 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 26914 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 26975 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1733 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 758845 |
| IRS990/InterestGrp/TotalAmt | 0 | 760578 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6290 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 21862980 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 25630337 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 26703150 |
| IRS990/LegalDomicileStateCd | 0 | MI |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
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| IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt | 0 | 627 |
| IRS990/MissionDesc | 0 | Construction an operation of housing for senior adults |
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| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 887323 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 887323 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 142023 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 142347 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4596 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 909 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 5505 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2673852 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 1257408 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 109 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 211 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 320 |
| IRS990/OtherExpensesGrp/Desc | 0 | supplies |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 9661 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 9661 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 20341950 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 27210329 |
| IRS990/OtherRevenueTotalAmt | 0 | 627 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 68893 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 133085 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 201978 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 11024 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 11024 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | -11424 |
| IRS990/PrincipalOfficerNm | 0 | Aaron Lundgaard |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 623000 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Resident payments for services |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 946679 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 946679 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 407804 |
| IRS990/PYOtherRevenueAmt | 0 | 26 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 253397 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -181474 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 27093 |
| IRS990/PYTotalExpensesAmt | 0 | 434897 |
| IRS990/PYTotalRevenueAmt | 0 | 253423 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -1444876 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 953596 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 6290 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 6290 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 947306 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 253423 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 1200729 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 6290 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 6290 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 1200729 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 947306 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 253423 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 1200729 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 953596 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 253423 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1207019 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 19465072 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 709518 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 20174590 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 1705863 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 83894 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 1789757 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2398472 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | false |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 900000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 900000 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 3559402 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 279401 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 3838803 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 139 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 422894 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 23903 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 8490 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 1647252 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 571174 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Project Fund |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Debt Service Reserve |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Interest Fund |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | Bond payment fund |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | Fair value of interest rate swap |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | Debt issuance costs |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 27210329 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $28,304,078
- Liabilities
- $27,416,755
- Net assets
- $887,323
- Revenue
- $953,596
- Expenses
- $2,398,472
- Net income
- -$1,444,876
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