Civic Intelligence

Nlh 2

990 • Fiscal year 2022 • EIN 85-0478290

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 24, 2022

Organization ProfileWWW.NEWLIFEHOMESNM.COM
1816 East Mojave StFarmington, NM 87401

(505) 293-7553

Siviq Scores

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

Liabilities / Assets

81st percentile

1.49x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

9.61x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Net Margin

25th percentile

-30%

Higher net margin than 25% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$193,983

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 138.9% of source-year revenue.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Asset Growth

34th percentile

-3.3%

Faster asset growth than 34% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

52nd percentile

0.7%

Faster revenue growth than 52% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$898,178

Down $30,579 (-3.3%) from 2021

Net Assets

Down

-$444,316

Down $41,537 (-10%) from 2021

Liabilities

Up

$1,342,494

Up $10,958 (+0.8%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin25th percentile

Revenue

Up

$139,643

Up $1,021 (+0.7%) from 2021

Expenses

Up

$181,180

Up $16,445 (+10.0%) from 2021

Net Income

Down

-$41,537

Down $15,424 (-59%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2012: $1,265,112Liabilities 2012: $1,380,168Net Assets 2012: -$115,0562012Assets 2013: $1,213,794Liabilities 2013: $1,357,468Net Assets 2013: -$143,6742013Assets 2014: $1,180,801Liabilities 2014: $1,355,975Net Assets 2014: -$175,1742014Assets 2015: $1,146,444Liabilities 2015: $1,341,625Net Assets 2015: -$195,1812015Assets 2016: $1,121,217Liabilities 2016: $1,338,657Net Assets 2016: -$217,4402016Assets 2017: $1,086,776Liabilities 2017: $1,348,418Net Assets 2017: -$261,6422017Assets 2018: $1,056,314Liabilities 2018: $1,346,624Net Assets 2018: -$290,3102018Assets 2019: $1,005,264Liabilities 2019: $1,342,611Net Assets 2019: -$337,3472019Assets 2020: $965,067Liabilities 2020: $1,341,733Net Assets 2020: -$376,6662020Assets 2021: $928,757Liabilities 2021: $1,331,536Net Assets 2021: -$402,7792021Assets 2022: $898,178Liabilities 2022: $1,342,494Net Assets 2022: -$444,3162022Assets 2023: $850,508Liabilities 2023: $1,329,523Net Assets 2023: -$479,0152023Assets 2024: $816,836Liabilities 2024: $1,332,867Net Assets 2024: -$516,0312024

Highlighted filing

2022

Assets$898,178
Liabilities$1,342,494
Net Assets-$444,316
Open 2022 Filing

Operations Trend

Revenue Growth52nd percentile

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

$300K$200K$100K$0-$100KRevenue 2012: $112,888Expenses 2012: $145,447Net Income 2012: -$32,5592012Revenue 2013: $113,904Expenses 2013: $142,522Net Income 2013: -$28,6182013Revenue 2014: $110,691Expenses 2014: $142,192Net Income 2014: -$31,5012014Revenue 2015: $120,241Expenses 2015: $142,518Net Income 2015: -$22,2772015Revenue 2016: $119,712Expenses 2016: $141,971Net Income 2016: -$22,2592016Revenue 2017: $120,291Expenses 2017: $164,493Net Income 2017: -$44,2022017Revenue 2018: $130,691Expenses 2018: $159,359Net Income 2018: -$28,6682018Revenue 2019: $131,204Expenses 2019: $158,000Net Income 2019: -$26,7962019Revenue 2020: $128,013Expenses 2020: $167,332Net Income 2020: -$39,3192020Revenue 2021: $138,622Expenses 2021: $164,735Net Income 2021: -$26,1132021Revenue 2022: $139,643Expenses 2022: $181,180Net Income 2022: -$41,5372022Revenue 2023: $134,698Expenses 2023: $169,397Net Income 2023: -$34,6992023Revenue 2024: $154,453Expenses 2024: $218,052Net Income 2024: -$63,5992024

Highlighted filing

2022

Revenue$139,643
Expenses$181,180
Net Income-$41,537
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 24, 2022
Return Version
2021v4.2
Gross Receipts
$139,643
Mission and Program Overview

Mission

Establish, maintain, and operate a program to provide affordable housing for the disabled, indigent, and underpriviledged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$865,765$830,746▼ $35,019
Cash and Non-Interest-Bearing Accounts$8,946$8,378▼ $568
Accounts Receivable$913$1,477▲ $564
Total Assets$928,757$898,178▼ $30,579
Other Assets Total$53,133$57,577▲ $4,444
Liabilities
Other Liabilities$1,323,779$1,323,232▼ $547
Accounts Payable and Accrued Expenses$7,531$17,098▲ $9,567
Deferred Revenue$226$2,164▲ $1,938
Total Liabilities$1,331,536$1,342,494▲ $10,958
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-402,779$-444,316▼ $41,537
Total Net Assets Fund Balance$-402,779$-444,316▼ $41,537
Total Liabilities and Net Assets / Fund Balance$928,757$898,178▼ $30,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$758,746$642,015$1,400,761
Land$72,000-$72,000
Other Land Buildings$0$8,975$8,975
Other Assets Org$3,290--
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Paul Van GulickPresident/treasurer
Chandra RuffinDirector
Chase RuffinDirector
Guy GambillDirector
Jake LujanDirector
Parrish CollinsDirector
Russell ThompsonDirector
Will ReardonDirector
John BloomfieldExecutive Director
Patricia RaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$139,638
Investment Income
$5
Other Revenue
$0
Change in Net Assets
$-41,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$139,643
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$139,643
Total Revenue per Form 990
$139,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,475
Salaries, Compensation, and Employee Benefits$30,705
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$80,738--$80,738
Depreciation Depletion$35,019--$35,019
Other Salaries and Wages$22,133--$22,133
Fees for Services Accounting$1,512$10,857-$12,369
Fees for Services Management-$11,824-$11,824
Office Expenses$6,796--$6,796
Other Employee Benefits$5,567--$5,567
Payroll Taxes$3,005--$3,005
Fees for Services Legal$1,078--$1,078
Other Expenses$421--$421
Advertising$200--$200
Total Functional Expenses$158,499$22,681$0$181,180

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$181,180
Total Expenses per Audited Statements$181,180
Total Expenses per Form 990$181,180
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
Hud Capital Advance$1,320,474
Tenant Security Deposits$2,758
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The board of directors have delegated management duties to jl gray company. Jl gray company has an extensive history in supervising hud properties.”

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

“Form 990 is prepared by the accountant who prepares the annual year end hud audit. Following the controller's review and approval, tax return copies are distributed to the board of directors and subsequently the original tax return is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available to the public upon requests made to the managing company, jl gray company.”

Filing and Contact Details

Filer

Filer Name
Nlh 2
EIN
85-0478290
Phone
5052937553
Address
1816 EAST MOJAVE ST, FARMINGTON, NM 87401

Signing Officer

Name
John Bloomfield
Title
Director
Phone
5052937553
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Bloomfield
Formed
2003
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Palmer & Co Pa
Address
701 OSUNA RD NE STE 100, ALBUQUERQUE, NM 87113
Preparer
Margi Palmer
Phone
5053441040
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The project applied for and was granted non-profit status by the internal revenue service under internal revenue code, section 501c(3). Therefore, no provision for income taxes has been made. The project has no uncertain tax positions.”

Raw XML AppendixShowing 400 of 558 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2627
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt0140070
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0138617
IRS990/PYRevenuesLessExpensesAmt0-26113
IRS990/PYSalariesCompEmpBnftPaidAmt024665
IRS990/PYTotalExpensesAmt0164735
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138622
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-41537
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0139643
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0124
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0139638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0138617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0127976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0131153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0130665
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0668049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0124
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.70760
IRS990ScheduleA/PublicSupportPY509Pct00.73700
IRS990ScheduleA/PublicSupportTotal509Amt0472829
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt045921
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt041667
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt034489
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt035025
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt038118
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0195220
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt045921
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt041667
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt034489
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt035025
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt038118
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0195220
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0139638
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0138617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0127976
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131153
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0130665
IRS990ScheduleA/Total509Grp/TotalAmt0668049
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0139643
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0138622
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0128013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0131204
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0130691
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0668173
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0758746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0642015
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01400761
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0181180
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt072000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt054287
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13290
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01320474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HUD CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0139643
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT APPLIED FOR AND WAS GRANTED NON-PROFIT STATUS BY THE INTERNAL REVENUE SERVICE UNDER INTERNAL REVENUE CODE, SECTION 501C(3). THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE PROJECT HAS NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0830746
IRS990ScheduleD/TotalBookValueOtherAssetsAmt057577
IRS990ScheduleD/TotalExpensesPerForm990Amt0181180
IRS990ScheduleD/TotalLiabilityAmt01323232
IRS990ScheduleD/TotalRevenuePerForm990Amt0139643
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0139643
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0181180
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt09600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0184383
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN BLOOMFIELD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0193983
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS HAVE DELEGATED MANAGEMENT DUTIES TO JL GRAY COMPANY. JL GRAY COMPANY HAS AN EXTENSIVE HISTORY IN SUPERVISING HUD PROPERTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE ACCOUNTANT WHO PREPARES THE ANNUAL YEAR END HUD AUDIT. FOLLOWING THE CONTROLLER'S REVIEW AND APPROVAL, TAX RETURN COPIES ARE DISTRIBUTED TO THE BOARD OF DIRECTORS AND SUBSEQUENTLY THE ORIGINAL TAX RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUESTS MADE TO THE MANAGING COMPANY, JL GRAY COMPANY.
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 C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50

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Filings

Displayed year

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

Open filing
Assets
$898,178
Liabilities
$1,342,494
Net assets
-$444,316
Revenue
$139,643
Expenses
$181,180
Net income
-$41,537
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.82$1.33$0.52$0.15$0.22$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.85$1.33$0.48$0.13$0.17$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.90$1.34$0.44$0.14$0.18$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.93$1.33$0.40$0.14$0.16$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.97$1.34$0.38$0.13$0.17$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.01$1.34$0.34$0.13$0.16$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.06$1.35$0.29$0.13$0.16$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.09$1.35$0.26$0.12$0.16$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.12$1.34$0.22$0.12$0.14$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.15$1.34$0.20$0.12$0.14$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.18$1.36$0.18$0.11$0.14$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.36$0.14$0.11$0.14$0.03
2012Summary only. Only limited summary data is available for this year.$1.27$1.38$0.12$0.11$0.15$0.03