Civic Intelligence

Innovative Housing Inc.

990 • Fiscal year 2015 • EIN 93-0877440

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 09, 2015

Organization Profilewww.innovativehousinginc.com

View Organization Page

219 NW 2nd AvePortland, OR 97209

(503) 226-4368

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.54x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

4.10x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$108,000

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

74th percentile

9.3%

Faster asset growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

33%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$38,021,011

Up $3,244,211 (+9.3%) from 2014

Net Assets

Up

$17,432,803

Up $2,850,570 (+20%) from 2014

Liabilities

Up

$20,588,208

Up $393,641 (+1.9%) from 2014

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin83rd percentile

Revenue

Up

$5,018,871

Up $1,247,716 (+33%) from 2014

Expenses

Up

$3,644,384

Up $132,092 (+3.8%) from 2014

Net Income

Up

$1,374,487

Up $1,115,624 (+431%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$100M$50M$0Assets 2010: $20,813,611Liabilities 2010: $9,831,701Net Assets 2010: $10,981,9102010Assets 2011: $27,993,866Liabilities 2011: $15,482,126Net Assets 2011: $12,511,7402011Assets 2012: $29,186,139Liabilities 2012: $16,411,210Net Assets 2012: $12,774,9292012Assets 2013: $33,572,448Liabilities 2013: $19,249,078Net Assets 2013: $14,323,3702013Assets 2014: $34,776,800Liabilities 2014: $20,194,567Net Assets 2014: $14,582,2332014Assets 2015: $38,021,011Liabilities 2015: $20,588,208Net Assets 2015: $17,432,8032015Assets 2016: $45,882,000Liabilities 2016: $26,319,143Net Assets 2016: $19,562,8572016Assets 2017: $45,891,501Liabilities 2017: $25,104,405Net Assets 2017: $20,787,0962017Assets 2018: $54,272,358Liabilities 2018: $31,208,166Net Assets 2018: $23,064,1922018Assets 2019: $58,875,413Liabilities 2019: $28,494,807Net Assets 2019: $30,380,6062019Assets 2020: $72,662,469Liabilities 2020: $36,726,658Net Assets 2020: $35,935,8112020Assets 2021: $72,167,425Liabilities 2021: $34,552,562Net Assets 2021: $37,614,8632021Assets 2022: $64,094,123Liabilities 2022: $25,324,095Net Assets 2022: $38,770,0282022Assets 2023: $77,438,092Liabilities 2023: $32,038,671Net Assets 2023: $45,399,4212023Assets 2024: $83,639,675Liabilities 2024: $37,301,538Net Assets 2024: $46,338,1372024

Highlighted filing

2015

Assets$38,021,011
Liabilities$20,588,208
Net Assets$17,432,803
Open 2015 Filing

Operations Trend

Revenue Growth86th percentile

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

$15M$10M$5.0M$0Expenses 2010: $1,785,1882010Revenue 2011: $4,439,130Expenses 2011: $2,909,300Net Income 2011: $1,529,8302011Expenses 2012: $3,038,6532012Expenses 2013: $3,364,9482013Revenue 2014: $3,771,155Expenses 2014: $3,512,292Net Income 2014: $258,8632014Revenue 2015: $5,018,871Expenses 2015: $3,644,384Net Income 2015: $1,374,4872015Revenue 2016: $5,976,527Expenses 2016: $4,345,090Net Income 2016: $1,631,4372016Revenue 2017: $6,149,899Expenses 2017: $4,816,892Net Income 2017: $1,333,0072017Revenue 2018: $7,918,329Expenses 2018: $5,641,233Net Income 2018: $2,277,0962018Revenue 2019: $13,551,028Expenses 2019: $6,234,614Net Income 2019: $7,316,4142019Revenue 2020: $11,182,272Expenses 2020: $6,545,000Net Income 2020: $4,637,2722020Revenue 2021: $8,053,529Expenses 2021: $6,374,477Net Income 2021: $1,679,0522021Revenue 2022: $7,538,206Expenses 2022: $6,383,041Net Income 2022: $1,155,1652022Revenue 2023: $14,383,837Expenses 2023: $9,189,906Net Income 2023: $5,193,9312023Revenue 2024: $10,368,755Expenses 2024: $8,866,773Net Income 2024: $1,501,9822024

Highlighted filing

2015

Revenue$5,018,871
Expenses$3,644,384
Net Income$1,374,487
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 9, 2015
Return Version
2014v6.0
Gross Receipts
$5,018,871
Mission and Program Overview

Mission

Develop, preserve and operate affordable housing for low and moderate-income households and provide services to residents to maintain housing stablity, improve quality of life and break the cycle of poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,155,597$19,372,390▼ $783,207
Other Notes and Loans Receivable, Net$5,639,686$9,743,447▲ $4,103,761
Savings and Temporary Cash Investments$2,553,201$5,822,799▲ $3,269,598
Investments Program Related$569,933$668,904▲ $98,971
Intangible Assets$368,686$348,081▼ $20,605
Cash and Non-Interest-Bearing Accounts$64,366$81,199▲ $16,833
Prepaid Expenses and Deferred Charges$67,380$66,823▼ $557
Accounts Receivable$55,385$56,979▲ $1,594
Receivables From Officers Etc$8,120$1,768▼ $6,352
Total Assets$34,776,800$38,021,011▲ $3,244,211
Other Assets Total$5,294,446$1,858,621▼ $3,435,825
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,497,503$19,699,101▲ $201,598
Accounts Payable and Accrued Expenses$239,583$437,937▲ $198,354
Other Liabilities$445,816$437,937▼ $7,879
Deferred Revenue$11,665$13,233▲ $1,568
Total Liabilities$20,194,567$20,588,208▲ $393,641
Net Assets / Fund Balance
Unrestricted Net Assets$11,043,525$12,050,041▲ $1,006,516
Temporarily Rstr Net Assets$3,538,708$5,382,762▲ $1,844,054
Total Net Assets Fund Balance$14,582,233$17,432,803▲ $2,850,570
Total Liabilities and Net Assets / Fund Balance$34,776,800$38,021,011▲ $3,244,211

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$668,904--
Buildings$16,329,482$6,269,626-
Land$2,981,290--
Equipment$61,618$96,652-
Other Assets Org$73,861--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sarah StevensonExecutive DirectorPT$108,000$108,000

Board Members and Trustees

NameTitle
Mike WhitmarshPresident Emeritus
Darcy VincentBoard Member
Ebony AmatoBoard Member
Joseph HughesBoard Member
Larry ByersBoard Member
Jan YocomSecretaryTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Silco Commerical ConstructionConstruction8316 N Lombard No 451, Portland, OR 97203$442,870
GBC Construction LLCConstruction2273 NW Professional Drive Ste 200, Corvallis, OR 97330$271,326
Revenue and Support

Revenue Composition

Contributions and Grants
$209,046
Program Service Revenue
$4,438,057
Investment Income
$371,768
Other Revenue
$0
All Other Contributions
$85,385
Change in Net Assets
$1,374,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,018,871
Revenue Not Reported on Form 990
$1,450,000
Total Revenue per Audited Statements
$6,468,871
Total Revenue per Form 990
$5,018,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,014,889
Salaries, Compensation, and Employee Benefits$629,495
Total Fundraising Expense$33,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$852,927--$852,927
Interest$446,779--$446,779
Other Salaries and Wages$369,320$22,887$8,402$400,609
Current Officers, Directors, Trustees, and Key Employees$54,000$43,200$10,800$108,000
Payroll Taxes$42,521$6,388$1,856$50,765
Other Employee Benefits$43,576$4,981$1,516$50,073
All Other Expenses-$32,516$6,700$39,216
Occupancy$22,412$2,499$850$25,761
Office Expenses$22,350$2,491$848$25,689
Pension Plan Contributions$16,245$2,952$851$20,048
Fees for Services Accounting$12,332$3,990$1,278$17,600
Other Expenses$6,528$1,240$421$6,528
Insurance$5,539$618$210$6,367
Travel$2,299$257$87$2,643
Fees for Services Other$214$24$8$246
Total Functional Expenses$3,486,514$124,043$33,827$3,644,384

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,644,384
Total Expenses per Audited Statements$3,644,384
Total Expenses per Form 990$3,644,384
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Friendraiser$14,340---
Innovator$4,084---
Total Events$18,424---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$8,120$1,768▼ $6,352
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Noncontrolling Interest$437,937

Bond Issues

BondIssuerIssuedIssue PricePurpose
CState of Oregon2012-09-28$1,953,000Qualified 501c3 nonhospital
AState of Oregon2010-03-02$1,322,000Qualified 501c3 nonhospital
BState of Oregon2012-03-30$1,193,728Qualified 501c3 nonhospital

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$1,953,000-$143,281$24,487
A$1,322,000-$162,896$26,440
B$1,193,728-$91,773$22,683
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
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 governing body review Part VI line 11

“Members of the board are given a copy of form 990 to review prior to filing. Any questions, comments or observations are presented to the Executive Director for clarification.”

Conflict of interest policy compliance Part VI line 12C

“The Executive Director and Board President monitor the conflict of interest policy and the organization has a standing informal policy of not conducting business with any board members or board members relatives.”

CEO executive director top management comp Part VI line 15A

“Executive Director compensation is determined by the board of directors based on comparability data gathered from reliable surveys of compensation for similar positions or data for at least three similarly situated employees in comparable positions.”

Governing documents etc available to public Part VI line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovative Housing Inc
EIN
93-0877440
Address
219 NW 2nd Ave, Portland, OR 97209

Signing Officer

Name
Sarah Stevenson
Title
Executive Direc
Phone
5032264368
Signed
2015-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Stevenson
Formed
1984
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
6
Employees
13

Preparer

Firm
Carter Adams Tax & Financial Svcs
Address
4784 N Lombard St Ste B PMB 171, Portland, OR 97203
Preparer
Sarah Carter Adams
Phone
5033486430
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Amount represents $1,450,000 in debt forgiveness related to housing development for low income individuals and a net amount of $26,083 in contributions made from Clifford Apartments LLC to a related entity.”

General explanation attachment

“Schedule K, Part V: The management contract has been structured upon consultation with bond counsel to comply with the qualified management contract rules described in Rev. Proc. 97-13.”

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

“Amount represents forgiveness of debt income related to housing development for low income individuals.”

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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06366278
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020155597
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019372390
IRS990/LandBldgEquipCostOrOtherBssAmt025738668
IRS990/LegalDomicileStateCd0OR
IRS990/LoanOutstandingInd0true
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Develop, preserve and operate affordable housing for low and moderate-income households and provide services to residents to maintain housing stablity, improve quality of life and break the cycle of poverty.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt019497503
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019699101
IRS990/NetAssetsOrFundBalancesBOYAmt014582233
IRS990/NetAssetsOrFundBalancesEOYAmt017432803
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0850
IRS990/OccupancyGrp/ManagementAndGeneralAmt02499
IRS990/OccupancyGrp/ProgramServicesAmt022412
IRS990/OccupancyGrp/TotalAmt025761
IRS990/OfficeExpensesGrp/FundraisingAmt0848
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02491
IRS990/OfficeExpensesGrp/ProgramServicesAmt022350
IRS990/OfficeExpensesGrp/TotalAmt025689
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05294446
IRS990/OtherAssetsTotalGrp/EOYAmt01858621
IRS990/OtherChangesInNetAssetsAmt01476083
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01516
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04981
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt043576
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050073
IRS990/OtherExpensesGrp/Desc0Equipment Rental & Maint
IRS990/OtherExpensesGrp/Desc1Rental Property Expenses
IRS990/OtherExpensesGrp/Desc2Tenant Services Expenses
IRS990/OtherExpensesGrp/Desc3Housing Development
IRS990/OtherExpensesGrp/FundraisingAmt0421
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01240
IRS990/OtherExpensesGrp/ProgramServicesAmt0278840
IRS990/OtherExpensesGrp/ProgramServicesAmt11264990
IRS990/OtherExpensesGrp/ProgramServicesAmt245642
IRS990/OtherExpensesGrp/ProgramServicesAmt36528
IRS990/OtherExpensesGrp/TotalAmt0280501
IRS990/OtherExpensesGrp/TotalAmt11264990
IRS990/OtherExpensesGrp/TotalAmt245642
IRS990/OtherExpensesGrp/TotalAmt36528
IRS990/OtherLiabilitiesGrp/BOYAmt0445816
IRS990/OtherLiabilitiesGrp/EOYAmt0437937
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08402
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022887
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0369320
IRS990/OtherSalariesAndWagesGrp/TotalAmt0400609
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05639686
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09743447
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01856
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06388
IRS990/PayrollTaxesGrp/ProgramServicesAmt042521
IRS990/PayrollTaxesGrp/TotalAmt050765
IRS990/PensionPlanContributionsGrp/FundraisingAmt0851
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02952
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016245
IRS990/PensionPlanContributionsGrp/TotalAmt020048
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066823
IRS990/PrincipalOfficerNm0Sarah Stevenson
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2624200
IRS990/ProgramServiceRevenueGrp/BusinessCd3531310
IRS990/ProgramServiceRevenueGrp/Desc0Property Ownership
IRS990/ProgramServiceRevenueGrp/Desc1Housing Development
IRS990/ProgramServiceRevenueGrp/Desc2Resident Services
IRS990/ProgramServiceRevenueGrp/Desc3Asset Management
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02916796
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11283399
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2115389
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3122473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02916796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11283399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2115389
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3122473
IRS990/ProgSrvcAccomActy2Grp/Desc0Resident Services: IHI complements its housing with Resident Services designed to help residents maintain their housing stability, improve their quality of life, and break the cycle of poverty.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0300832
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0115389
IRS990/ProgSrvcAccomActy3Grp/Desc0Housing Development: Innovative Housing creates and preserves affordable housing through new construction and the acquisition/rehabilitation of existing multifamily properties.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0257878
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01283399
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Asset Management: IHI is the managing general partner or managing member of 13 Limited Partnershps/Limited Liablity Companies that own 1,303 affordable rental units in Oregon and Washington.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt098465
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0122473
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0265586
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0357568
IRS990/PYOtherExpensesAmt02997413
IRS990/PYProgramServiceRevenueAmt03148001
IRS990/PYRevenuesLessExpensesAmt0258863
IRS990/PYSalariesCompEmpBnftPaidAmt0514879
IRS990/PYTotalExpensesAmt03512292
IRS990/PYTotalRevenueAmt03771155
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt08120
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01768
IRS990/ReconcilationRevenueExpnssAmt01374487
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02916796
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02553201
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05822799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0209046
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0251886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0797728
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01277572
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02746686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0371768
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0357568
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0138418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0110201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0111292
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01089247
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06212062
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52670
IRS990ScheduleA/PublicSupportPY170Pct00.82000
IRS990ScheduleA/PublicSupportTotal170Amt02020388
IRS990ScheduleA/SubstantialContributorsTotAmt0726298
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0209046
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0251886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0797728
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01277572
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02746686
IRS990ScheduleA/TotalSupportAmt03835933
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/ScheduleBRequiredInd0true
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0None.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Direct and indirect political campaign activities (Part I-A, line 1)
IRS990ScheduleD/BuildingsGrp/BookValueAmt016329482
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06269626
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt022599108
IRS990ScheduleD/EquipmentGrp/BookValueAmt061618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt096652
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0158270
IRS990ScheduleD/ExpensesSubtotalAmt03644384
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0668904
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Inv in Limited Partnerships
IRS990ScheduleD/LandGrp/BookValueAmt02981290
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02981290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01587751
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11533
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2195476
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt373861
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Development Fees Receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Construction in Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Management Fees Receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0437937
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Noncontrolling Interest
IRS990ScheduleD/OtherRevenueAmt01450000
IRS990ScheduleD/RevenueNotReportedAmt01450000
IRS990ScheduleD/RevenueSubtotalAmt05018871
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Amount represents forgiveness of debt income related to housing development for low income individuals.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other revenues not included on Form 990 (Part XI, line 2d)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019372390
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01858621
IRS990ScheduleD/TotalBookValueProgramRltdAmt0668904
IRS990ScheduleD/TotalExpensesPerForm990Amt03644384
IRS990ScheduleD/TotalLiabilityAmt0437937
IRS990ScheduleD/TotalRevenuePerForm990Amt05018871
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06468871

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,021,011
Liabilities
$20,588,208
Net assets
$17,432,803
Revenue
$5,018,871
Expenses
$3,644,384
Net income
$1,374,487
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$83.6$37.3$46.3$10.4$8.87$1.50
2023Detailed filing. Detailed filing data is available for this year.$77.4$32.0$45.4$14.4$9.19$5.19
2022Detailed filing. Detailed filing data is available for this year.$64.1$25.3$38.8$7.54$6.38$1.16
2021Detailed filing. Detailed filing data is available for this year.$72.2$34.6$37.6$8.05$6.37$1.68
2020Detailed filing. Detailed filing data is available for this year.$72.7$36.7$35.9$11.2$6.55$4.64
2019Summary only. Only limited summary data is available for this year.$58.9$28.5$30.4$13.6$6.23$7.32
2018Summary only. Only limited summary data is available for this year.$54.3$31.2$23.1$7.92$5.64$2.28
2017Summary only. Only limited summary data is available for this year.$45.9$25.1$20.8$6.15$4.82$1.33
2016Detailed filing. Detailed filing data is available for this year.$45.9$26.3$19.6$5.98$4.35$1.63
2015Detailed filing. Detailed filing data is available for this year.$38.0$20.6$17.4$5.02$3.64$1.37
2014Detailed filing. Detailed filing data is available for this year.$34.8$20.2$14.6$3.77$3.51$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$19.2$14.3$3.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.2$16.4$12.8$3.04
2011Summary only. Only limited summary data is available for this year.$28.0$15.5$12.5$4.44$2.91$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$9.83$11.0$1.79
Peer Organizations

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