Civic Intelligence

Enterprise Housing - Edgewood LLC Edgewood Square Apartments

EIN 87-0695492 • 501(c)3 • St Augustine, FL

Profile

Enterprise housing - edgewood, llc is an indiana limited liability company formed to acquire, own and operate a 96 unit apartment community located in pendleton, south carolina, known as edgewood square apartments. The sole member of the company is enterprise housing, inc., an indiana not-for-profit corporation. All of the apartment units qualify for federal rent subsidy pursuant to section 8 of the u.s. Housing act of 1937, as amended.

116 Lancaster PlSt Augustine, FL 32080

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

100th percentile

1198%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

48th percentile

$49,500

Higher top officer pay than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Assets

Down

$0

Down $1,979,664 (-100%) from 2016

Liabilities

Down

$0

Down $619,918 (-100%) from 2016

Net Assets

Down

$0

Down $1,359,746 (-100%) from 2016

Revenue

Down

-$113,492

Down $747,441 (-118%) from 2016

Expenses

Up

$1,246,254

Up $592,888 (+91%) from 2016

Net Income

Down

-$1,359,746

Down $1,340,329 (-6903%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,012,082Liabilities 2011: $724,960Net Assets 2011: $1,287,1222011Assets 2012: $2,018,765Liabilities 2012: $707,979Net Assets 2012: $1,310,7862012Assets 2013: $2,002,162Liabilities 2013: $690,388Net Assets 2013: $1,311,7742013Assets 2014: $2,024,383Liabilities 2014: $705,758Net Assets 2014: $1,318,6252014Assets 2015: $2,099,607Liabilities 2015: $720,444Net Assets 2015: $1,379,1632015Assets 2016: $1,979,664Liabilities 2016: $619,918Net Assets 2016: $1,359,7462016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2011: $697,0032011Expenses 2012: $655,7062012Revenue 2013: $663,783Expenses 2013: $662,795Net Income 2013: $9882013Revenue 2014: $659,371Expenses 2014: $652,520Net Income 2014: $6,8512014Revenue 2015: $668,963Expenses 2015: $608,425Net Income 2015: $60,5382015Revenue 2016: $633,949Expenses 2016: $653,366Net Income 2016: -$19,4172016Revenue 2017: -$113,492Expenses 2017: $1,246,254Net Income 2017: -$1,359,7462017

Highlighted filing

2017

Revenue-$113,492
Expenses$1,246,254
Net Income-$1,359,746

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 26, 2018
Return Version
2016v3.0
Gross Receipts
$1,515,031
Mission and Program Overview

Mission

Enterprise housing - edgewood, llc is an indiana limited liability company formed to acquire, own and operate a 96 unit apartment community located in pendleton, south carolina, known as edgewood square apartments. The sole member of the company is enterprise housing, inc., an indiana not-for-profit corporation. All of the apartment units qualify for federal rent subsidy pursuant to section 8 of the u.s. Housing act of 1937, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,624,674$0▼ $1,624,674
Investments Program Related$312,454$0▼ $312,454
Cash and Non-Interest-Bearing Accounts$23,179$0▼ $23,179
Accounts Receivable$5,317$0▼ $5,317
Prepaid Expenses and Deferred Charges$4,243$0▼ $4,243
Intangible Assets$1,045$0▼ $1,045
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,979,664$0▼ $1,979,664
Other Assets Total$8,752$0▼ $8,752
Liabilities
Mortgage Notes Payable Secured by Investment Property$572,729$0▼ $572,729
Accounts Payable and Accrued Expenses$36,056$0▼ $36,056
Other Liabilities$8,352$0▼ $8,352
Deferred Revenue$2,781$0▼ $2,781
Total Liabilities$619,918$0▼ $619,918
Net Assets / Fund Balance
Unrestricted Net Assets$1,359,746$0▼ $1,359,746
Total Net Assets Fund Balance$1,359,746$0▼ $1,359,746
Total Liabilities and Net Assets / Fund Balance$1,979,664$0▼ $1,979,664
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Hugh M PetersPresident/treasurerPT$49,500$49,500

Board Members and Trustees

NameTitle
Joseph C BrownBoard Member
Mark E CollinsBoard Member
Pam WrightBoard Member
Donna S ThomasSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$278,470
Program Service Revenue
$35,145
Investment Income
$-430,661
Other Revenue
$3,554
Change in Net Assets
$-1,359,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$318,240
Revenue Not Reported on Financial Statements
$-431,732
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-431,732
Total Revenue per Audited Statements
$318,240
Total Revenue per Form 990
$-113,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$885,945
Other Expenses$360,309
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$885,945--$885,945
Occupancy$194,183--$194,183
Fees for Services Management-$34,852-$34,852
Depreciation Depletion$31,759--$31,759
Fees for Services Accounting-$19,669-$19,669
Insurance$4,263--$4,263
Office Expenses-$4,181-$4,181
Other Expenses$4,038$60,178-$4,038
Advertising-$3,375-$3,375
Information Technology-$2,804-$2,804
Travel-$777-$777
Fees for Services Legal-$230-$230
Total Functional Expenses$1,120,188$126,066$0$1,246,254

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,246,254
Expenses Not Reported on Financial Statements$893,382
Other Expense Adjustments$893,382
Total Expenses per Audited Statements$373,637
Expenses per Audited Statements$352,872
Expenses Not Reported on Form 990$20,765
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Enterprise Housing IncCarmel, IN501(c)(3)Contribution Given for Low Income Housing$885,945
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Enterprise housing - edgewood,llc is managed by cornerstone properties, a professional property management company. Cornerstone properties has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved cornerstone properties to manage the edgewood apartment community. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment

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

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

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

Persons covered by the policy are officers, directors, chief employed executive and chief employed financial executive. Such persons will annually disclose or update the president of the board of directors on a form provided by the organization of their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations of those of family members.

Form 990, Part VI, Section B, Line 15

The compensation of the person is reviewed and approved by the board of directors or compensation committee of the organization, provided that the persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations.

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VII, Section A, Line 1A, Column B

All of the officers, directors, and employees listed in part vii, section a perform similar duties and have similar responsibilities for related organizations as they do for this organization. Their total hours worked per week for this organization are similar to their hours worked for related organizations both in terms of number of hours and type of work performed.

Filing and Contact Details

Filer

Filer Name
Enterprise Housing - Edgewood LLC
EIN
87-0695492
Phone
3176794321
Address
116 LANCASTER PL, ST AUGUSTINE, FL 32080
Doing Business As
Edgewood Square Apartments

Signing Officer

Name
Hugh Peters
Title
Board President
Phone
3176794321
Signed
2018-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh M Peters
Formed
2002
Legal Domicile
In
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part XII, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

The sole member is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax under the indiana not-for-profit corporation act of 1971. Accordingly, no provisions for federal and state taxes on revenue and income have been recognized in the accompanying financial statements. Generally, the federal and state returns are subject to examination for three years after the later of the original or extended due date or the date filed with the applicable tax authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on sale -433,936. Post sale activity 2,204.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Book/tax depreciation expense difference 20,765.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Book/tax difference in grant expense 886,795. Post sale activity 6,121. Book/tax difference in amortization expense 466.

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0HUGH M PETERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt035145
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt035145
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0563611
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06166
IRS990/PYOtherExpensesAmt0653366
IRS990/PYOtherRevenueAmt016266
IRS990/PYProgramServiceRevenueAmt047906
IRS990/PYRevenuesLessExpensesAmt0-19417
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0653366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0633949
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1359746
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035145
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0278470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0563611
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0581168
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0605490
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0613265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02642004
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03275
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06166
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05058
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt024841
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt035145
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt047906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt047296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt044470
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt041234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0216051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03275
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06166
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt05058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt024841
IRS990ScheduleA/InvestmentIncomeCYPct00.00850
IRS990ScheduleA/InvestmentIncomePYPct00.00800
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03554
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt016266
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt09232
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04360
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04226
IRS990ScheduleA/OtherIncome509Grp/TotalAmt037638
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97860
IRS990ScheduleA/PublicSupportPY509Pct00.97740
IRS990ScheduleA/PublicSupportTotal509Amt02858055
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0313615
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0611517
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0628464
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0649960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0654499
IRS990ScheduleA/Total509Grp/TotalAmt02858055
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0320444
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0633949
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0642987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0659371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0663783
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02920534
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/ExpensesNotReportedAmt020765
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0893382
IRS990ScheduleD/ExpensesSubtotalAmt0352872
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt020765
IRS990ScheduleD/OtherExpensesNotIncludedAmt0893382
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-431732
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-431732
IRS990ScheduleD/RevenueSubtotalAmt0318240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX UNDER THE INDIANA NOT-FOR-PROFIT CORPORATION ACT OF 1971. ACCORDINGLY, NO PROVISIONS FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAVE BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE -433,936. POST SALE ACTIVITY 2,204.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 20,765.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3BOOK/TAX DIFFERENCE IN GRANT EXPENSE 886,795. POST SALE ACTIVITY 6,121. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 466.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01246254
IRS990ScheduleD/TotalRevenuePerForm990Amt0-113492
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0318240
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0373637
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0885945
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CONTRIBUTION GIVEN FOR LOW INCOME HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ENTERPRISE HOUSING INC
IRS990ScheduleI/RecipientTable/RecipientEIN0351796480
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0833 WEST MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CARMEL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd046032
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0FIXED ASSETS OF ENTERPRISE HOUSING - EDGEWOOD, LLC.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0PENDLETON MINISTRIES 2 INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-01-03
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0475247951
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt01194587
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt03
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0ARMS LENGTH TRANSACTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 667
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0WHEATON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd060187
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENTERPRISE HOUSING - EDGEWOOD,LLC IS MANAGED BY CORNERSTONE PROPERTIES, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. CORNERSTONE PROPERTIES HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED CORNERSTONE PROPERTIES TO MANAGE THE EDGEWOOD APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PERSONS COVERED BY THE POLICY ARE OFFICERS, DIRECTORS, CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCIAL EXECUTIVE. SUCH PERSONS WILL ANNUALLY DISCLOSE OR UPDATE THE PRESIDENT OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE ORGANIZATION OF THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OF THOSE OF FAMILY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT THE PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A

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