Civic Intelligence

Enterprise Housing - Edgewood LLC Edgewood Square Apartments

990 • Fiscal year 2013 • EIN 87-0695492

Jul 01, 2012 to Jun 30, 2013 • Filed on Sep 03, 2013

833 West Main StreetSt Augustine, FL 46032
Siviq Scores

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

Liabilities / Assets

70th percentile

0.34x

Higher debt load relative to assets than 70% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

84th percentile

1.04x

Higher debt load relative to revenue than 84% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

41st percentile

0.1%

Higher net margin than 41% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

38th percentile

-0.8%

Faster asset growth than 38% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$2,002,162

Down $16,603 (-0.8%) from 2012

Net Assets

Up

$1,311,774

Up $988 (+0.1%) from 2012

Liabilities

Down

$690,388

Down $17,591 (-2.5%) from 2012

Revenue

$663,783

No earlier filing loaded for comparison.

Expenses

Up

$662,795

Up $7,089 (+1.1%) from 2012

Net Income

$988

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2013

Assets$2,002,162
Liabilities$690,388
Net Assets$1,311,774

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$663,783
Expenses$662,795
Net Income$988
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Sep 3, 2013
Return Version
2012v2.1
Gross Receipts
$663,783
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.

Filing and Contact Details

Filer

EIN
87-0695492
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY.
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IRS990ScheduleO/GeneralExplanation/Explanation0ENTERPRISE 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/GeneralExplanation/Explanation1THE 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/GeneralExplanation/Explanation2PERSONS 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/GeneralExplanation/Explanation3THE 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/GeneralExplanation/Explanation4THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL 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/GeneralExplanation/Explanation6THE 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/GeneralExplanation/Identifier0HOURS WORKED FOR RELATED ORGANIZATIONS
IRS990ScheduleO/GeneralExplanation/Identifier1OVERSIGHT OF AUDITING FUNCTION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
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IRS990ScheduleR/ExchangeOfAssets00
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