Civic Intelligence

All Hallows Community

990 • Fiscal year 2018 • EIN 94-2722870

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 11, 2019

1600 Broadway Suite 2000Denver, CO 80202-5704

(330) 830-3300

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.10x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

3.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

65th percentile

9.2%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$372,735

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 36.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

57th percentile

3.1%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

2.8%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$3,348,532

Up $100,275 (+3.1%) from 2017

Net Assets

Up

-$340,235

Up $94,352 (+22%) from 2017

Liabilities

Up

$3,688,767

Up $5,923 (+0.2%) from 2017

Revenue

Up

$1,020,937

Up $27,993 (+2.8%) from 2017

Expenses

Down

$926,585

Down $544 (-0.1%) from 2017

Net Income

Up

$94,352

Up $28,537 (+43%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,211,274Liabilities 2010: $1,900,144Net Assets 2010: $311,1302010Assets 2011: $2,264,063Liabilities 2011: $1,824,374Net Assets 2011: $439,6892011Assets 2012: $2,364,916Liabilities 2012: $2,280,676Net Assets 2012: $84,2402012Assets 2013: $2,256,371Liabilities 2013: $2,029,594Net Assets 2013: $226,7772013Assets 2014: $3,228,140Liabilities 2014: $3,963,704Net Assets 2014: -$735,5642014Assets 2015: $3,220,291Liabilities 2015: $3,861,792Net Assets 2015: -$641,5012015Assets 2016: $3,331,735Liabilities 2016: $3,832,137Net Assets 2016: -$500,4022016Assets 2017: $3,248,257Liabilities 2017: $3,682,844Net Assets 2017: -$434,5872017Assets 2018: $3,348,532Liabilities 2018: $3,688,767Net Assets 2018: -$340,2352018Assets 2019: $3,413,877Liabilities 2019: $3,538,186Net Assets 2019: -$124,3092019Assets 2020: $3,813,529Liabilities 2020: $3,555,822Net Assets 2020: $257,7072020Assets 2021: $4,530,487Liabilities 2021: $3,951,210Net Assets 2021: $579,2772021Assets 2022: $4,286,530Liabilities 2022: $3,451,742Net Assets 2022: $834,7882022Assets 2023: $4,602,189Liabilities 2023: $3,506,774Net Assets 2023: $1,095,4152023Assets 2024: $4,781,881Liabilities 2024: $3,476,157Net Assets 2024: $1,305,7242024

Highlighted filing

2018

Assets$3,348,532
Liabilities$3,688,767
Net Assets-$340,235

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $667,2692010Expenses 2011: $670,6162011Expenses 2012: $1,168,9852012Revenue 2013: $834,301Expenses 2013: $691,764Net Income 2013: $142,5372013Revenue 2014: $867,519Expenses 2014: $1,829,860Net Income 2014: -$962,3412014Revenue 2015: $955,109Expenses 2015: $861,046Net Income 2015: $94,0632015Revenue 2016: $985,339Expenses 2016: $844,240Net Income 2016: $141,0992016Revenue 2017: $992,944Expenses 2017: $927,129Net Income 2017: $65,8152017Revenue 2018: $1,020,937Expenses 2018: $926,585Net Income 2018: $94,3522018Revenue 2019: $1,225,580Expenses 2019: $1,009,654Net Income 2019: $215,9262019Revenue 2020: $1,435,692Expenses 2020: $1,053,676Net Income 2020: $382,0162020Revenue 2021: $1,464,228Expenses 2021: $1,142,658Net Income 2021: $321,5702021Revenue 2022: $1,436,644Expenses 2022: $1,181,133Net Income 2022: $255,5112022Revenue 2023: $1,575,452Expenses 2023: $1,314,825Net Income 2023: $260,6272023Revenue 2024: $1,537,725Expenses 2024: $1,327,416Net Income 2024: $210,3092024

Highlighted filing

2018

Revenue$1,020,937
Expenses$926,585
Net Income$94,352
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 11, 2019
Return Version
2018v3.1
Gross Receipts
$1,020,937
Mission and Program Overview

Mission

Owns and operates a 45-unit apartment project in san francisco, california, which provides housing and services to low-income elderly and disabled persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,900,318$1,835,787▼ $64,531
Cash and Non-Interest-Bearing Accounts$27,275$171,974▲ $144,699
Accounts Receivable$39,918$16,228▼ $23,690
Prepaid Expenses and Deferred Charges$17,248$12,794▼ $4,454
Total Assets$3,248,257$3,348,532▲ $100,275
Other Assets Total$1,263,498$1,311,749▲ $48,251
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,347,976$3,290,498▼ $57,478
Other Liabilities$233,319$233,075▼ $244
Accounts Payable and Accrued Expenses$101,549$165,194▲ $63,645
Total Liabilities$3,682,844$3,688,767▲ $5,923
Net Assets / Fund Balance
Unrestricted Net Assets$-434,587$-340,235▲ $94,352
Total Net Assets Fund Balance$-434,587$-340,235▲ $94,352
Total Liabilities and Net Assets / Fund Balance$3,248,257$3,348,532▲ $100,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,017,000$2,320,507$3,337,507
Other Land Buildings$654,357$352,536$1,006,893
Land$164,430-$164,430
Equipment$0$8,336$8,336
Other Assets Org$27,827--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce SaabVice President$146,568$146,568
Erika VillablancaVice President/director$135,627$135,627
Joe RosenblumSecretary$113,293$113,293

Board Members and Trustees

NameTitle
Doug ShoemakerPresident
Barbara GualcoVice President
Ed HolderVice President
Jane GrafVice President
Jennifer DolinVice President
Melissa ClaytonVice President
Stephan DauesVice President
Steve SpearsVice President
Val AgostinoVice President
Amy BayleyAssistant Secretary/director
Vince DoddsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,011,565
Investment Income
$9,372
Other Revenue
$0
Change in Net Assets
$94,352

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,020,937
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,020,937
Total Revenue per Form 990
$1,020,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$835,445
Salaries, Compensation, and Employee Benefits$91,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$227,736--$227,736
Interest$174,242--$174,242
Other Salaries and Wages$91,140--$91,140
Insurance$63,423--$63,423
Occupancy$57,206--$57,206
Fees for Services Management$38,340--$38,340
Office Expenses$18,787--$18,787
Fees for Services Accounting-$15,130-$15,130
Other Expenses$11,576--$11,576
All Other Expenses$3,975$109-$4,084
Conferences and Meetings$2,611--$2,611
Total Functional Expenses$911,346$15,239$0$926,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$926,585
Total Expenses per Audited Statements$926,585
Total Expenses per Form 990$926,585
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
Miscellaneous Current Liabilities$206,718
Accrued Interest$14,751
Resident Security Deposits$11,606
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All hallows community is a nonstock, nonprofit corporation with mercy housing california as the sole member.

Form 990, Part VI, Section A, Line 7A

The board of trustees of mercy housing, inc. Has authority over all hallows community in various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.

Form 990, Part VI, Section A, Line 7B

SAME AS LINE 7A.

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

Each member is given the opportunity to review the return before it is filed.

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

The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for the president, chairman, officers, and directors is determined by an employee benefits committee, which is appointed by the board of directors of mercy housing, inc. To ensure competitiveness, wages are compared to other affordable housing organizations, both for- and not-for-profit, or the local market for positions applicable to a broader competitive market. Mercy housing, inc. Will comply with all applicable federal and state labor laws and regulations. The process will be administered according to the relevant human resource operational policies and by the human resource department with direction from the senior leadership team. The ceo will make a report to the board of trustees on implementation of the wage and benefit program annually. Periodically the executive committee within the mercy housing, inc. Board of trustees will review executive salaries to ensure competitiveness and reasonableness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the organization.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

FORM 990, PART VII:

Sister amy bayley, rsm, serves as an officer/director of all hallows community and performs services for mercy housing inc. Mercy housing, inc. And the sisters of mercy of the americas west midwest have entered into a contract whereby amy bayley has been assigned to mercy housing, inc. To perform services and provide leadership for mercy housing, inc. And its subsidiaries. Sister bayley is a member of a religious community and has taken a vow of poverty and therefore does not receive any personal income. Sister bayley is not an employee of mercy housing, inc. Or all hallows community. Mercy housing, inc. Makes payments directly to the sisters of mercy of the americas west midwest for monthly stipend payments and benefits relating to the services performed by sister bayley. The sisters of mercy of the americas west midwest are responsible for providing the living expenses of sister bayley. For 2018 mercy housing, inc. Paid $111,812 for the annual stipend fee and benefits equivalent.

Filing and Contact Details

Filer

Filer Name
All Hallows Community
EIN
94-2722870
Phone
3308303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Vince Dodds
Title
Treasurer
Phone
3308303300
Signed
2019-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Shoemaker
Formed
1980
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
525 NORTH TRYON STREET, CHARLOTTE, NC 28202
Preparer
Kathy Blackburn
Phone
7043329100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII LINE 2C:

The responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the mercy housing, inc. Board of trustees.

Financial Statement Notes

PART X, LINE 2:

The corporation has elected tax exempt status under section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the period ended december 31, 2018. Due to its tax exempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the internal revenue service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2015 remain open.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OWNS AND OPERATES A 45-UNIT APARTMENT PROJECT IN SAN FRANCISCO, CALIFORNIA, WHICH PROVIDES HOUSING AND SERVICES TO LOW-INCOME ELDERLY AND DISABLED PERSONS.
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IRS990/OtherExpensesGrp/Desc0OPERATING & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc2ADMIN RENT FREE UNIT
IRS990/OtherExpensesGrp/Desc3TAXES
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IRS990/OtherExpensesGrp/ProgramServicesAmt157878
IRS990/OtherExpensesGrp/ProgramServicesAmt222068
IRS990/OtherExpensesGrp/ProgramServicesAmt311576
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt091140
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0DOUG SHOEMAKER
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IRS990/ProgramServiceRevenueGrp/Desc0RENTS & SUBSIDIES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14233
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14233
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0937338
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4ESCROW DEPOSIT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISCELLANEOUS CURRENT LIABILITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS ELECTED TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE PERIOD ENDED DECEMBER 31, 2018. DUE TO ITS TAX EXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2015 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01311749
IRS990ScheduleD/TotalExpensesPerForm990Amt0926585
IRS990ScheduleD/TotalLiabilityAmt0233075
IRS990ScheduleD/TotalRevenuePerForm990Amt01020937
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01020937
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0926585
IRS990ScheduleJ/AnyNonFixedPaymentsInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$3.48$1.31$1.54$1.33$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.60$3.51$1.10$1.58$1.31$0.26
2022Detailed filing. Detailed filing data is available for this year.$4.29$3.45$0.83$1.44$1.18$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.53$3.95$0.58$1.46$1.14$0.32
2020Detailed filing. Detailed filing data is available for this year.$3.81$3.56$0.26$1.44$1.05$0.38
2019Detailed filing. Detailed filing data is available for this year.$3.41$3.54$0.12$1.23$1.01$0.22
2018Detailed filing. Detailed filing data is available for this year.$3.35$3.69$0.34$1.02$0.93$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.25$3.68$0.43$0.99$0.93$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.33$3.83$0.50$0.99$0.84$0.14
2015Detailed filing. Detailed filing data is available for this year.$3.22$3.86$0.64$0.96$0.86$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.23$3.96$0.74$0.87$1.83$0.96
2013Detailed filing. Detailed filing data is available for this year.$2.26$2.03$0.23$0.83$0.69$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$2.28$0.08$1.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$1.82$0.44$0.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$1.90$0.31$0.67