Civic Intelligence

Georgetown Community Development Authority

990 • Fiscal year 2022 • EIN 84-2919236

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileWWW.GEORGTOWNCDA.ORG
6555 5th Avenue S 108Seattle, WA 98108

(206) 395-4656

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

37.33x

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

3rd percentile

-142%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

10th percentile

$67,264

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

70th percentile

8.8%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

311%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$43,697,520

Up $3,547,367 (+8.8%) from 2021

Net Assets

Down

-$2,148,887

Down $1,747,097 (-435%) from 2021

Liabilities

Up

$45,846,407

Up $5,294,464 (+13%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin3rd percentile

Revenue

Up

$1,228,208

Up $929,332 (+311%) from 2021

Expenses

Up

$2,976,276

Up $2,289,072 (+333%) from 2021

Net Income

Down

-$1,748,068

Down $1,359,740 (-350%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$60M$40M$20M$0-$20MAssets 2021: $40,150,153Liabilities 2021: $40,551,943Net Assets 2021: -$401,7902021Assets 2022: $43,697,520Liabilities 2022: $45,846,407Net Assets 2022: -$2,148,8872022Assets 2023: $39,206,009Liabilities 2023: $48,493,487Net Assets 2023: -$9,287,4782023Assets 2024: $39,277,875Liabilities 2024: $51,632,734Net Assets 2024: -$12,354,8592024

Highlighted filing

2022

Assets$43,697,520
Liabilities$45,846,407
Net Assets-$2,148,887
Open 2022 Filing

Operations Trend

Revenue Growth98th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2021: $298,876Expenses 2021: $687,204Net Income 2021: -$388,3282021Revenue 2022: $1,228,208Expenses 2022: $2,976,276Net Income 2022: -$1,748,0682022Revenue 2023: $2,743,574Expenses 2023: $4,083,819Net Income 2023: -$1,340,2452023Revenue 2024: $1,478,175Expenses 2024: $4,545,556Net Income 2024: -$3,067,3812024

Highlighted filing

2022

Revenue$1,228,208
Expenses$2,976,276
Net Income-$1,748,068
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,228,208
Mission and Program Overview

Mission

Georgetown community development authority builds resilient community, through affordable placemaking and placekeeping in the duwamish valley. We create at the intersection of the arts, equity, and well-being.

Watershed builds resilient community through affordable placemaking and placekeeping in the duwamish valley. We create at the intersection of the arts, equity, and collective well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$10,249,307$28,936,148▲ $18,686,841
Land, Buildings, and Equipment, Net$24,523,224$9,177,826▼ $15,345,398
Savings and Temporary Cash Investments$5,022,129$4,845,468▼ $176,661
Accounts Receivable$58,426$50,202▼ $8,224
Cash and Non-Interest-Bearing Accounts$268,402$48,273▼ $220,129
Investments in Publicly Traded Securities-$39,688-
Prepaid Expenses and Deferred Charges$28,665$22,222▼ $6,443
Total Assets$40,150,153$43,697,520▲ $3,547,367
Other Assets Total$0$577,693▲ $577,693
Liabilities
Tax Exempt Bond Liabilities$34,008,654$39,674,724▲ $5,666,070
Mortgage Notes Payable Secured by Investment Property$6,229,733$5,493,403▼ $736,330
Other Liabilities$0$362,435▲ $362,435
Accounts Payable and Accrued Expenses$313,556$310,873▼ $2,683
Escrow Account Liability-$4,972-
Total Liabilities$40,551,943$45,846,407▲ $5,294,464
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-401,790$-2,148,887▼ $1,747,097
Total Net Assets Fund Balance$-401,790$-2,148,887▼ $1,747,097
Total Liabilities and Net Assets / Fund Balance$40,150,153$43,697,520▲ $3,547,367

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,071,370$203,677$7,275,047
Other Land Buildings$2,106,456-$2,106,456
Investment Program Related Org$28,936,148--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Muguette GuenneguezExecutive Director (as of June 2022)FT$59,443$7,821$67,264

Board Members and Trustees

NameTitle
Craig HowardPresident
Sam FarrazainoVice President / Treasurer
Paulina LopezDirector
Elizabeth RomneyDirector (as of October 2022)
Janice Jackson HaleyDirector (as of October 2022)
Ron PosthumaDirector (as of October 2022)
Mari ShibuyaDirector (through December 2022)
Vivian HuaDirector (through December 2022)
Ben RankinExecutive Director (through June 2022)

Highest Paid Contractors

ContractorServicesLocationCompensation
Community Development Partners LLCConsulting Services312 31ST AVENUE, Seattle, WA 98122$411,000
Jlb INC (dba Gsd Bookkeeping)Booking & Financial Management2131 N 86TH STREET, Seattle, WA 98103$104,356
Revenue and Support

Revenue Composition

Contributions and Grants
$9,297
Program Service Revenue
$1,171,613
Investment Income
$47,298
Other Revenue
$0
All Other Contributions
$9,297
Change in Net Assets
$-1,748,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,573,924
Salaries, Compensation, and Employee Benefits$402,352
Total Fundraising Expense$53,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,321,707$74,793-$1,396,500
Occupancy$327,402--$327,402
Other Salaries and Wages$185,153$78,356-$263,509
Fees for Services Other$245,406$5,687-$251,093
Depreciation Depletion$232,191--$232,191
Fees for Services Accounting-$146,803-$146,803
Current Officers, Directors, Trustees, and Key Employees$12,505$53,895-$66,400
Payroll Taxes$18,714$26,630-$45,344
Other Employee Benefits$23,307$3,792-$27,099
Insurance$28,409$-8,704-$19,705
Office Expenses$12,436$2,500-$14,936
Other Expenses$6,738$2$53,514$6,740
Fees for Services Legal-$4,420-$4,420
Travel$1,791$16-$1,807
Advertising$394$39-$433
Total Functional Expenses$2,503,774$418,988$53,514$2,976,276
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Sam Farrazaino, a Board Member, and Two Former Board MembersManagement ServicesNo$411,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organization$362,435

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Industrial Development Authority of the City of Sierra Vista2021-10-28$34,008,654Property acquisition, improvements and entitlement costs
BThe Industrial Development Authority of the City of Sierra Vista2022-07-01$4,499,462Acquire, construct, improve, operate and equip affordable workspaces

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$34,008,654$17,500-$680,173
B$4,499,462--$89,989

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

“In 2022, management services were provided by community development partners llc and jlb inc. (dba: gsd bookkeeping).”

Form 990, Part VI, Section A, Line 4

“The organization's bylaws were amended in february 2022 to change the maximum number of board members from five to nine.”

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

“Minutes are not kept at committee meetings.”

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

“Prior to filing, the form 990 was reviewed by the executive director and by the board of directors.”

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

“Every year, all officers and board members must sign the conflict of interest form to remain compliant within the rules set forth by our governance committee. Whenever the board or a committee considers a transaction that involves an actual or potential conflict of interest, that individual is required to fully disclose the situation. The conflicted individual must abstain from voting on any aspect of the transaction. Before entering a transaction that involves a conflict of interest, the board evaluates other options that do not involve a conflict to ensure the transaction is reasonable and in the best interest of the organization.”

Form 990, Part VI, Section B, Line 15A

“Consultants were hired to provide the organization with the latest not-for-profit leadership compensation levels. A hiring team then made the offer based on their findings.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and audited financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Georgetown Community Development
EIN
84-2919236
Phone
2063954656
Address
6555 5TH AVENUE S 108, SEATTLE, WA 98108
Doing Business As
Watershed

Signing Officer

Name
Elizabeth Romney
Title
Treasurer
Phone
2063954656
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jen Trujillo
Formed
2019
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Kurt Bennion CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINES 10 AND 13:

“Land/building assets were shifted to program-related investments in the current fiscal year to correctly consolidate georgetown community properties 1 llc which is 80% owned by georgetown community development authority (see lines 10c and 13 in part x balance sheet).”

Financial Statement Notes

PART IV, LINE 2B:

“The organization holds security deposits for rental/lease tenants. Upon termination of the lease, the security deposit, less the cost of any repairs, is returned to the tenant. Security deposit funds are held in a single non-interest bearing bank account that is separated from other bank accounts.”

PART X, LINE 2:

“The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The organization has evaluated its tax positions and concluded that it has taken no uncertain tax positions that would require adjustment to the financial statements. In addition, the organization is not aware of any matters that would cause the loss of its tax-exempt status.”

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IRS990/Desc0WATERSHED (FORMERLY KNOWN AS GEORGETOWN COMMUNITY DEVELOPMENT AUTHORITY) IS A COMMUNITY-BASED 501(C)(3) NONPROFIT ORGANIZATION THAT OPERATES AFFORDABLE ARTIST AND ARTISAN WORK SPACES AND PLANS TO BUILD A VILLAGE OF WORKFORCE HOUSING AND COMMUNITY SPACE IN THE GEORGETOWN NEIGHBORHOOD OF SEATTLE. WE CENTER FOLKS WHO LIVE AND WORK IN THE DUWAMISH VALLEY; BIPOC INDIVIDUALS; ARTISTS; AND THOSE WHO COME FROM COMMUNITIES THAT HAVE BEEN, OR ARE AT RISK OF BEING, DISPLACED FROM THIS REGION.WATERSHED WAS FORMED IN 2019. AT ITS CORE IS EQUINOX STUDIOS, WHICH HAS OPERATED IN GEORGETOWN SINCE 2006 AND IS NOW A KEY ELEMENT OF WATERSHED'S PROGRAM. EQUINOX STUDIOS PROVIDES A CREATIVE HOME FOR OVER 125 ARTISTS AND ARTISANS WORKING IN AND ACROSS MANY CRAFTS AND DISCIPLINES.THE NEW LIVE/WORK DISTRICT WILL BE LOCATED IN THE GEORGETOWN NEIGHBORHOOD OF SEATTLE. IT WILL INCLUDE UP TO 1,000 UNITS OF HOUSING, ALL OF WHICH WILL BE AFFORDABLE TO PEOPLE EARNING NO MORE THAN 60% OF AREA MEDIAN INCOME. THE LIVE/WORK DISTRICT WILL ALSO INCLUDE AFFORDABLE COMMUNITY SPACES, NEIGHBORHOOD BUSINESSES, AND CULTURAL FACILITIES THAT ARE INTEGRATED WITH GEORGETOWN'S COMMERCIAL AND INDUSTRIAL CORE. IT WILL INCREASE JOB OPPORTUNITIES AND PROVIDE HOUSING FOR THOSE MOST AT RISK OF BEING IMPACTED BY TRENDS OF WEALTH-DRIVEN DISPLACEMENT IN SEATTLE. OUR AIM IS TO CULTIVATE LONG-TERM COMMUNITY WEALTH THROUGH THOUGHTFUL REAL ESTATE ACQUISITION AND DEVELOPMENT; COMMUNITY ENGAGEMENT AND OWNERSHIP; SPACE FOR SMALL BUSINESS, NONPROFIT, AND ARTISTIC GROWTH; AND PROGRAMMING THAT BUILDS RELATIONSHIPS BETWEEN ALL THE ENTITIES THAT ARE PART OF THE WATERSHED VILLAGE, THE GEORGETOWN NEIGHBORHOOD, AND GREATER DUWAMISH VALLEY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT / TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (AS OF OCTOBER 2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THROUGH DECEMBER 2022)
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01228208
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0-8704
IRS990/InsuranceGrp/ProgramServicesAmt028409
IRS990/InsuranceGrp/TotalAmt019705
IRS990/InterestGrp/ManagementAndGeneralAmt074793
IRS990/InterestGrp/ProgramServicesAmt01321707
IRS990/InterestGrp/TotalAmt01396500
IRS990/InvestmentIncomeGrp/ExclusionAmt047298
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047298
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IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt09177826
IRS990/LandBldgEquipCostOrOtherBssAmt09381503
IRS990/LegalDomicileStateCd0WA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GCDA BUILDS RESILIENT COMMUNITY THROUGH AFFORDABLE PLACEMAKING AND PLACEKEEPING IN THE DUWAMISH VALLEY. WE CREATE AT THE INTERSECTION OF THE ARTS, EQUITY, AND COLLECTIVE WELL-BEING.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05493403
IRS990/NetAssetsOrFundBalancesBOYAmt0-401790
IRS990/NetAssetsOrFundBalancesEOYAmt0-2148887
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-401790
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2148887
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0327402
IRS990/OccupancyGrp/TotalAmt0327402
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02500
IRS990/OfficeExpensesGrp/ProgramServicesAmt012436
IRS990/OfficeExpensesGrp/TotalAmt014936
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0577693
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03792
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023307
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027099
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIR AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt053514
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03445
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127314
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22
IRS990/OtherExpensesGrp/ProgramServicesAmt023905
IRS990/OtherExpensesGrp/ProgramServicesAmt145516
IRS990/OtherExpensesGrp/ProgramServicesAmt218200
IRS990/OtherExpensesGrp/ProgramServicesAmt36738
IRS990/OtherExpensesGrp/TotalAmt080864
IRS990/OtherExpensesGrp/TotalAmt172830
IRS990/OtherExpensesGrp/TotalAmt218200
IRS990/OtherExpensesGrp/TotalAmt36740
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078356
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0185153
IRS990/OtherSalariesAndWagesGrp/TotalAmt0263509
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026630
IRS990/PayrollTaxesGrp/ProgramServicesAmt018714
IRS990/PayrollTaxesGrp/TotalAmt045344
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028665
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022222
IRS990/PrincipalOfficerNm0JEN TRUJILLO
IRS990/PriorPeriodAdjustmentsAmt0971
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INVESTMENT IN GCP-1 LL
IRS990/ProgramServiceRevenueGrp/Desc2ARTISAN REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0785625
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1368491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0785625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1368491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217497
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013345
IRS990/PYOtherExpensesAmt0616814
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0282101
IRS990/PYRevenuesLessExpensesAmt0-388328
IRS990/PYSalariesCompEmpBnftPaidAmt070390
IRS990/PYTotalExpensesAmt0687204
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298876
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1748068
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt01171613
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05022129
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04845468
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09297
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt03430
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt012727
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt047298
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt013345
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015152
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt075795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01171613
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0282101
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01453714
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt047298
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt013345
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt075795
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt01466441
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0285531
IRS990ScheduleA/Total509Grp/TotalAmt01466441
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01228208
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0298876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt015152
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01542236
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07071370
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0203677
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07275047
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt028936148
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN GEORGETOWN COMMUNITY PROPERTIES 1, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02106456
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02106456
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0362435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED ORGANIZATION
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTAL/LEASE TENANTS. UPON TERMINATION OF THE LEASE, THE SECURITY DEPOSIT, LESS THE COST OF ANY REPAIRS, IS RETURNED TO THE TENANT. SECURITY DEPOSIT FUNDS ARE HELD IN A SINGLE NON-INTEREST BEARING BANK ACCOUNT THAT IS SEPARATED FROM OTHER BANK ACCOUNTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION IS NOT AWARE OF ANY MATTERS THAT WOULD CAUSE THE LOSS OF ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueProgramRltdAmt028936148
IRS990ScheduleD/TotalLiabilityAmt0362435
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd11
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-10-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12022-07-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0521383545
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1521383545
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum082652PAA1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum182652PAC7

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,697,520
Liabilities
$45,846,407
Net assets
-$2,148,887
Revenue
$1,228,208
Expenses
$2,976,276
Net income
-$1,748,068
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.3$51.6$12.4$1.48$4.55$3.07
2023Detailed filing. Detailed filing data is available for this year.$39.2$48.5$9.29$2.74$4.08$1.34
2022Detailed filing. Detailed filing data is available for this year.$43.7$45.8$2.15$1.23$2.98$1.75
2021Detailed filing. Detailed filing data is available for this year.$40.2$40.6$0.40$0.30$0.69$0.39