Chisom Housing Group

990 • Fiscal year 2014 • EIN 91-2193633

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 10, 2015

Organization Profile N/A

1050 30th Street NWWashington, DC 20007

(206) 512-8901

Siviq Scores

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

0.70x

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

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

4.05x

Higher debt load relative to revenue than 92% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

-0.9%

Higher net margin than 27% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

2.9%

Faster asset growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

7.1%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet

Liabilities / Assets81st percentile

Assets

$38,218,209

Up $1,093,615 (+2.9%) from 2013

Net Assets

$11,391,174

Up $11,402,856 (+97610%) from 2013

Liabilities

Down

$26,827,035

Down $10,309,241 (-28%) from 2013

Revenue And Expenses

Liabilities / Revenue92nd percentile Net Margin27th percentile

Revenue

$6,626,361

Up $438,293 (+7.1%) from 2013

Expenses

$6,688,131

Up $58,261 (+0.9%) from 2013

Net Income

-$61,770

Up $380,032 (+86%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

Highlighted filing

2014

Assets$38,218,209

Liabilities$26,827,035

Net Assets$11,391,174

Open 2014 Filing

Operations Trend

Revenue Growth59th percentile

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

Highlighted filing

2014

Revenue$6,626,361

Expenses$6,688,131

Net Income-$61,770

Open 2014 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2014 to Dec 31, 2014
Signed: Sep 10, 2015
Return Version: 2014v5.0
Gross Receipts: $6,626,361

Mission and Program Overview

Mission

To foster and secure, safe, decent and sanitary housing and related facilities which are conducive to the general welfare of the community, with a focus on very low- and low-income households.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Land, Buildings, and Equipment, Net	$30,084,290	$30,404,455	▲ $320,165
Other Notes and Loans Receivable, Net	-	$1,603,370	-
Intangible Assets	$1,043,773	$1,017,844	▼ $25,929
Cash and Non-Interest-Bearing Accounts	$367,586	$619,529	▲ $251,943
Prepaid Expenses and Deferred Charges	$314,691	$64,445	▼ $250,246
Accounts Receivable	$62,895	$37,536	▼ $25,359
Pledges and Grants Receivable	$5,550	-	-
Investments Program Related	$79	$50	▼ $29
Total Assets	$37,124,594	$38,218,209	▲ $1,093,615
Other Assets Total	$5,245,730	$4,470,980	▼ $774,750
Liabilities
Tax Exempt Bond Liabilities	$24,180,000	$24,180,000	→ $0
Mortgage Notes Payable Secured by Investment Property	$10,886,439	$1,560,000	▼ $9,326,439
Other Liabilities	$1,476,392	$709,406	▼ $766,986
Accounts Payable and Accrued Expenses	$565,545	$350,217	▼ $215,328
Deferred Revenue	$27,900	$27,412	▼ $488
Total Liabilities	$37,136,276	$26,827,035	▼ $10,309,241
Net Assets / Fund Balance
Unrestricted Net Assets	$-11,682	$11,391,174	▲ $11,402,856
Total Net Assets Fund Balance	$-11,682	$11,391,174	▲ $11,402,856
Total Liabilities and Net Assets / Fund Balance	$37,124,594	$38,218,209	▲ $1,093,615

Asset Categories

Asset	Book Value	Depreciation	Basis
Buildings	$26,805,111	$1,823,163	$28,628,274
Land	$2,055,000	-	$2,055,000
Other Land Buildings	$1,544,344	$361,822	$1,906,166
Other Assets Org	$400,179	-	-

Compensation and Service Providers

Top Officer Pay6th percentile

Board Members and Trustees

Name	Title
Hans Juhle	President
Matt Malcom	Director
Olga Garcia	Director
Robert Stevenson	Director
Sylvia Ponce	Director
Thomas Curann	Director
Christopher Porter	Secretary/treasurer

Highest Paid Contractors

Contractor	Services	Location	Compensation
American Apartment Management Company	Management	708 S GAY STREET SUITE 200, Knoxville, TN 37902	$261,347

Revenue and Support

Revenue Composition

Contributions and Grants: $40,916
Program Service Revenue: $6,584,996
Investment Income: $449
Other Revenue: $0
Change in Net Assets: $-61,770

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$5,555,352
Salaries, Compensation, and Employee Benefits	$1,132,779
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	$1,143,638	-	-	$1,143,638
Interest	$1,057,026	-	-	$1,057,026
Occupancy	$995,620	-	-	$995,620
Other Salaries and Wages	$872,547	-	-	$872,547
Fees for Services Management	$261,347	$448,632	-	$709,979
Insurance	$373,947	-	-	$373,947
Other Employee Benefits	$179,093	-	-	$179,093
All Other Expenses	$104,826	$20,011	-	$124,837
Office Expenses	$89,548	-	-	$89,548
Payroll Taxes	$81,139	-	-	$81,139
Fees for Services Accounting	-	$76,500	-	$76,500
Other Expenses	$49,854	-	-	$49,854
Travel	$39,796	-	-	$39,796
Information Technology	$34,759	-	-	$34,759
Fees for Services Legal	$8,882	$9,784	-	$18,666
Advertising	$7,966	-	-	$7,966
Total Functional Expenses	$6,133,204	$554,927	$0	$6,688,131

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

Insider Transactions and Loans

Interested-Person Transactions

Interested Party	Relationship	Description	Shared Revenue	Amount
-	Officer Owned Entity	Asset Oversight Fees	No	$448,632

Related Organizations and Partnerships

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
Chg-ky Portfolio Lp	Seattle, WA	Multifamily Affordable Housing	$-23	$1,083,491	-	Yes
775 Seniors Lp	Seattle, WA	Multifamily Affordable Housing	$-1	$978,631	-	Yes
Cypress Cathedral Lllp	Seattle, WA	Multifamily Affordable Housing	$-5	$151,526	-	Yes

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Chg - Oakland City LLC	Washington, DC	Multifamily Affordable Housing	$1,073,989	$5,104,333	Chisom Housing Group
Chg - Westgate LLC	Washington, DC	Multifamily Affordable Housing	$708,930	$4,408,487	Chisom Housing Group
Chg - Druid Hills LLC	Washington, DC	Multifamily Affordable Housing	$590,689	$3,314,124	Chisom Housing Group
Chg - Donna Village LLC	Washington, DC	Multifamily Affordable Housing	$558,650	$3,214,378	Chisom Housing Group
Chg - Swift Creek LLC	Washington, DC	Multifamily Affordable Housing	$533,234	$3,123,515	Chisom Housing Group
Chg - Yadkin House LLC	Washington, DC	Multifamily Affordable Housing	$524,279	$2,971,814	Chisom Housing Group
Chg - Decatur Meadows LLC	Washington, DC	Multifamily Affordable Housing	$438,228	$2,968,243	Chisom Housing Group
Chg - Kalmia LLC	Washington, DC	Multifamily Affordable Housing	$743,712	$2,916,467	Chisom Housing Group
Chg - Fieldcrest LLC	Washington, DC	Multifamily Affordable Housing	$421,506	$2,802,400	Chisom Housing Group
Chg - Falfurrias LLC	Washington, DC	Multifamily Affordable Housing	$451,677	$2,695,416	Chisom Housing Group
Chg - Rio Hondo Village LLC	Washington, DC	Multifamily Affordable Housing	$427,401	$2,277,196	Chisom Housing Group
Chg - Reno LLC	Washington, DC	Multifamily Affordable Housing	$0	$0	Chisom Housing Group
Chg-kentucky LLC	Washington, DC	Multifamily Affordable Housing	$0	$0	Chisom Housing Group

Transactions with Related Organizations

Organization	Type	Method	Amount
Chg-ky Portfolio Lp	D	Cost	$1,603,370

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Accrued Interest - Bond	$579,892
Tenant Security Deposits	$129,514

Bond Issues

Bond	Issuer	Issued	Issue Price	Purpose
A	Public Finance Authority	2012-12-13	$14,477,250	LOW-INCOME HOUSING
B	Public Finance Authority	2012-12-13	$5,766,650	LOW-INCOME HOUSING
C	Public Finance Authority	2012-12-13	$3,210,700	LOW-INCOME HOUSING

Bond Proceeds

Bond	Total Proceeds	Spent	Retired	Issuance Costs
A	$14,477,250	-	-	$274,730
B	$5,766,650	-	-	$109,432
C	$3,210,700	-	-	$60,928

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
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: No
Other officer compensation reviewed: No
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Hans juhle and christopher porter are co-owners of integra property group, llc.”

Form 990, Part VI, Section B, Line 11

“Form 990 is presented to all members of the board and comments/questions are addressed prior to the form 990 being filed.”

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

“The audit committee reviews annually the conflict of interest disclosures and determines whether any action is required.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name: Chisom Housing Group
EIN: 91-2193633
Phone: 2065128901
Address: 1050 30TH STREET NW, WASHINGTON, DC 20007

Signing Officer

Name: Christopher N Porter
Title: Treasurer
Phone: 2065128901
Signed: 2015-09-10
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Christopher N Porter
Formed: 2007
Legal Domicile: TX
Voting Board Members: 7
Independent Board Members: 7
Employees: 0
Volunteers: 0

Preparer

Firm: Carter & Company Cpas LLC
Address: PO BOX 279, DESTIN, FL 32540
Preparer: Samuel T Boerma
Phone: 8506500125

Supplemental Narrative

Additional Explanations

PART XI, LINE 8, DESCRIPTION OF PRIOR PERIOD ADJUSTMENT:

“The projects where refinanced by hud through mrn notes which were assigned by hud to the non-profit parent company of the previous owner, american housing foundation. In connection with chisom housing group's purchase of the projects, the mrns were assigned to chisom in 2012. The mrn notes were not previously reported as income on the 2012 or 2013 returns.”

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IRS990/NoListedPersonsCompensatedInd	0	X
IRS990/NondeductibleContributionsInd	0	0
IRS990/OccupancyGrp/ProgramServicesAmt	0	995620
IRS990/OccupancyGrp/TotalAmt	0	995620
IRS990/OfficeExpensesGrp/ProgramServicesAmt	0	89548
IRS990/OfficeExpensesGrp/TotalAmt	0	89548
IRS990/OfficerMailingAddressInd	0	0
IRS990/OnBehalfOfIssuerInd	0	0
IRS990/OperateHospitalInd	0	0
IRS990/Organization501c3Ind	0	X
IRS990/OrganizationFollowsSFAS117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	5245730
IRS990/OtherAssetsTotalGrp/EOYAmt	0	4470980
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	179093
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	179093
IRS990/OtherExpensesGrp/Desc	0	REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc	1	BOND TRUSTEE FEE
IRS990/OtherExpensesGrp/Desc	2	BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc	3	SERVICE COORDINATOR EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	707202
IRS990/OtherExpensesGrp/ProgramServicesAmt	1	74354
IRS990/OtherExpensesGrp/ProgramServicesAmt	2	51660
IRS990/OtherExpensesGrp/ProgramServicesAmt	3	49854
IRS990/OtherExpensesGrp/TotalAmt	0	707202
IRS990/OtherExpensesGrp/TotalAmt	1	74354
IRS990/OtherExpensesGrp/TotalAmt	2	51660
IRS990/OtherExpensesGrp/TotalAmt	3	49854
IRS990/OtherLiabilitiesGrp/BOYAmt	0	1476392
IRS990/OtherLiabilitiesGrp/EOYAmt	0	709406
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	872547
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	872547
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	1603370
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	81139
IRS990/PayrollTaxesGrp/TotalAmt	0	81139
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt	0	5550
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	314691
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	64445
IRS990/PrincipalOfficerNm	0	CHRISTOPHER N PORTER
IRS990/PriorPeriodAdjustmentsAmt	0	11464626
IRS990/ProfessionalFundraisingInd	0	0
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	531110
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	525990
IRS990/ProgramServiceRevenueGrp/BusinessCd	2	531110
IRS990/ProgramServiceRevenueGrp/Desc	0	RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc	1	PROGRAM INTEREST INCOM
IRS990/ProgramServiceRevenueGrp/Desc	2	LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	6398133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	154066
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	32797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	6398133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	154066
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	32797
IRS990/ProgSrvcAccomActy2Grp/Desc	0	INTEREST IN PARTNERSHIPS THAT PROVIDE HOUSING FOR LOW-INCOME PERSONS OR FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt	0	29
IRS990/ProgSrvcAccomActy3Grp/Desc	0	HUD MRN NOTE ASSIGNED BY HUD TO ASSIST IN PROVIDING AFFORDABLE HOUSING TO LOW-INCOME PERSONS OR FAMILIES.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt	0	154066
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	38759
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	1594
IRS990/PYOtherExpensesAmt	0	5470614
IRS990/PYOtherRevenueAmt	0	0
IRS990/PYProgramServiceRevenueAmt	0	6147715
IRS990/PYRevenuesLessExpensesAmt	0	-441802
IRS990/PYSalariesCompEmpBnftPaidAmt	0	1159256
IRS990/PYTotalExpensesAmt	0	6629870
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	6188068
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	-61770
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	1
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	1
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	0
IRS990/RevenueAmt	0	6430930
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	40916
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	38759
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	11464626
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	11544301
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	449
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	1594
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	2044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	6584996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	6147715
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	624158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	13356869
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	449
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	1594
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	1
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	2044
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00010
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.99990
IRS990ScheduleA/PublicSupportPY509Pct	0	0.99980
IRS990ScheduleA/PublicSupportTotal509Amt	0	24901170
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	6625912
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	6186474
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	12088784
IRS990ScheduleA/Total509Grp/TotalAmt	0	24901170
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	6626361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	6188068
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	12088785
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	24903214
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/BuildingsGrp/BookValueAmt	0	26805111
IRS990ScheduleD/BuildingsGrp/DepreciationAmt	0	1823163
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt	0	28628274
IRS990ScheduleD/LandGrp/BookValueAmt	0	2055000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt	0	2055000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	0	3221984
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	1	41389
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	2	672970
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	3	134458
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt	4	400179
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	0	RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	1	UTILITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	2	ORIGINAL ISSUE DISCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	3	TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc	4	INTEREST RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt	0	1544344
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt	0	361822
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt	0	1906166
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	129514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	1	579892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	1	ACCRUED INTEREST - BOND
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	30404455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt	0	4470980
IRS990ScheduleD/TotalLiabilityAmt	0	709406
IRS990/ScheduleJRequiredInd	0	0
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd	0	A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd	1	B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd	2	C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd	0	1
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd	1	1
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd	2	1
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd	0	A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd	1	B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd	2	C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd	0	1
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd	1	1
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd	2	1
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd	2	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd	0	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd	1	0
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd	2	0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt	0	2012-12-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt	1	2012-12-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt	2	2012-12-13
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN	0	273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN	1	273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN	2	273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd	0	A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd	1	B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd	2	C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum	0	74443FAC0
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum	1	74443FAB2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum	2	74443FAA4
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd	0	0

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $38,218,209
Liabilities: $26,827,035
Net assets: $11,391,174
Revenue: $6,626,361
Expenses: $6,688,131
Net income: -$61,770

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$26.3	$12.6	$13.7	$8.63	$8.92	$0.29
2023Detailed filing. Detailed filing data is available for this year.	$27.9	$13.9	$14.0	$8.00	$8.46	$0.46
2022Detailed filing. Detailed filing data is available for this year.	$28.3	$13.9	$14.5	$7.10	$8.11	$1.00
2021Detailed filing. Detailed filing data is available for this year.	$40.1	$24.7	$15.5	$15.5	$8.68	$6.81
2020Detailed filing. Detailed filing data is available for this year.	$33.4	$24.7	$8.66	$7.50	$8.27	$0.77
2019Detailed filing. Detailed filing data is available for this year.	$34.3	$24.9	$9.43	$7.30	$8.01	$0.71
2018Detailed filing. Detailed filing data is available for this year.	$35.4	$25.3	$10.1	$7.08	$7.83	$0.75
2017Detailed filing. Detailed filing data is available for this year.	$37.0	$26.1	$10.9	$7.00	$7.69	$0.69
2016Detailed filing. Detailed filing data is available for this year.	$37.8	$26.2	$11.6	$6.83	$7.43	$0.59
2015Detailed filing. Detailed filing data is available for this year.	$38.5	$26.3	$12.2	$7.53	$6.74	$0.78
2014Detailed filing. Detailed filing data is available for this year.	$38.2	$26.8	$11.4	$6.63	$6.69	$0.06
2013Detailed filing. Detailed filing data is available for this year.	$37.1	$37.1	$0.01	$6.19	$6.63	$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$36.6	$36.2	$0.43		$0.19