Civic Intelligence

Affordable Community Housing Trust - Epsilon

990 • Fiscal year 2021 • EIN 94-3130134

Jun 01, 2020 to May 31, 2021 • Filed on Oct 01, 2021

2200 NE 140th Street No A23Edmond, OK 73013

(405) 285-6680

Siviq Scores

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

Liabilities / Assets

100th percentile

4.96x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

9.83x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

6th percentile

-33%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

28th percentile

$115,500

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

5th percentile

-12%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-17%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$12,007,146

Down $1,715,001 (-12%) from 2020

Net Assets

Down

-$47,570,430

Down $2,024,224 (-4.4%) from 2020

Liabilities

Up

$59,577,576

Up $309,223 (+0.5%) from 2020

Revenue

Down

$6,060,703

Down $1,199,239 (-17%) from 2020

Expenses

Down

$8,039,743

Down $654,135 (-7.5%) from 2020

Net Income

Down

-$1,979,040

Down $545,104 (-38%) from 2020

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50M-$100MAssets 2011: $20,889,283Liabilities 2011: $53,827,826Net Assets 2011: -$32,938,5432011Assets 2012: $19,967,816Liabilities 2012: $55,290,353Net Assets 2012: -$35,322,5372012Assets 2013: $19,096,915Liabilities 2013: $56,621,507Net Assets 2013: -$37,524,5922013Assets 2014: $18,442,189Liabilities 2014: $57,010,220Net Assets 2014: -$38,568,0312014Assets 2015: $17,422,621Liabilities 2015: $57,230,145Net Assets 2015: -$39,807,5242015Assets 2016: $16,872,980Liabilities 2016: $57,963,236Net Assets 2016: -$41,090,2562016Assets 2017: $15,965,254Liabilities 2017: $58,235,523Net Assets 2017: -$42,270,2692017Assets 2018: $15,550,558Liabilities 2018: $58,914,570Net Assets 2018: -$43,364,0122018Assets 2019: $15,383,846Liabilities 2019: $59,241,751Net Assets 2019: -$43,857,9052019Assets 2020: $13,722,147Liabilities 2020: $59,268,353Net Assets 2020: -$45,546,2062020Assets 2021: $12,007,146Liabilities 2021: $59,577,576Net Assets 2021: -$47,570,4302021Assets 2022: $11,053,886Liabilities 2022: $60,232,990Net Assets 2022: -$49,179,1042022Assets 2023: $10,611,005Liabilities 2023: $62,172,044Net Assets 2023: -$51,561,0392023

Highlighted filing

2021

Assets$12,007,146
Liabilities$59,577,576
Net Assets-$47,570,430

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MExpenses 2011: $8,375,8302011Revenue 2012: $5,530,991Expenses 2012: $7,812,888Net Income 2012: -$2,281,8972012Expenses 2013: $8,332,3112013Revenue 2014: $6,445,879Expenses 2014: $7,691,379Net Income 2014: -$1,245,5002014Revenue 2015: $6,866,694Expenses 2015: $8,150,993Net Income 2015: -$1,284,2992015Revenue 2016: $7,221,047Expenses 2016: $8,488,734Net Income 2016: -$1,267,6872016Revenue 2017: $7,569,619Expenses 2017: $8,729,880Net Income 2017: -$1,160,2612017Revenue 2018: $7,899,150Expenses 2018: $8,973,128Net Income 2018: -$1,073,9782018Revenue 2019: $7,847,867Expenses 2019: $8,863,186Net Income 2019: -$1,015,3192019Revenue 2020: $7,259,942Expenses 2020: $8,693,878Net Income 2020: -$1,433,9362020Revenue 2021: $6,060,703Expenses 2021: $8,039,743Net Income 2021: -$1,979,0402021Revenue 2022: $6,287,831Expenses 2022: $7,896,505Net Income 2022: -$1,608,6742022Revenue 2023: $4,672,822Expenses 2023: $11,945,630Net Income 2023: -$7,272,8082023

Highlighted filing

2021

Revenue$6,060,703
Expenses$8,039,743
Net Income-$1,979,040
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Oct 1, 2021
Return Version
2020v4.0
Gross Receipts
$6,060,703
Mission and Program Overview

Mission

The organization provides seniors affordable housing and related services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,370,340$11,350,242▼ $1,020,098
Prepaid Expenses and Deferred Charges$243,397$242,888▼ $509
Accounts Receivable$69,665$62,172▼ $7,493
Cash and Non-Interest-Bearing Accounts$674,336$40,088▼ $634,248
Total Assets$13,722,147$12,007,146▼ $1,715,001
Other Assets Total$364,409$311,756▼ $52,653
Liabilities
Accounts Payable and Accrued Expenses$30,087,036$31,115,450▲ $1,028,414
Mortgage Notes Payable Secured by Investment Property$29,139,461$28,418,207▼ $721,254
Other Liabilities$29,074$33,891▲ $4,817
Deferred Revenue$12,783$10,028▼ $2,755
Total Liabilities$59,268,354$59,577,576▲ $309,222
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-45,546,207$-47,570,430▼ $2,024,223
Total Net Assets Fund Balance$-45,546,207$-47,570,430▼ $2,024,223
Total Liabilities and Net Assets / Fund Balance$13,722,147$12,007,146▼ $1,715,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,450,242$23,323,161$32,773,403
Land$1,900,000-$1,900,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jon PadenPresident$115,500$115,500
Scott OverbeySecretary/tr$45,000$45,000
Phil RappDirector$4,500$4,500
Ron JohnstonDirector$4,500$4,500

Board Members and Trustees

NameTitle
Steve ChrismanDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,060,703
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,979,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,060,703
Total Revenue per Audited Statements
$6,060,703
Total Revenue per Form 990
$6,060,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,245,450
Salaries, Compensation, and Employee Benefits$2,794,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,043,610$400,966-$2,444,576
Interest$1,867,826--$1,867,826
Depreciation Depletion$1,119,398$15,815-$1,135,213
Fees for Services Management-$302,469-$302,469
Insurance$252,677$17,952-$270,629
All Other Expenses$217,873$7,548-$225,421
Payroll Taxes$186,053$36,504-$222,557
Advertising-$160,152-$160,152
Other Expenses$119,809$26,313-$146,122
Other Employee Benefits$106,303$20,857-$127,160
Office Expenses-$56,759-$56,759
Fees for Services Accounting-$21,237-$21,237
Fees for Services Legal-$5,165-$5,165
Total Functional Expenses$6,910,952$1,128,791$0$8,039,743

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,039,743
Total Expenses per Audited Statements$8,039,743
Total Expenses per Form 990$8,039,743
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
Prepaid Rent$18,616
Tenant Security Deposits$8,419
Capital Lease Obligation$6,856
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization delegates control over management duties customarily performed by or under the direct supervision of officers, directors, trustees or key employees to a management company.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 was provided to the organization's governing body for review before it was filed.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation of the organization's officers, key employees and executive director includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 15B

The process for determining compensation of the organization's officers, key employees and executive director includes a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Affordable Community Housing
EIN
94-3130134
Phone
4052856680
Address
2200 NE 140TH STREET NO A23, EDMOND, OK 73013

Signing Officer

Name
Jon Paden
Title
President
Phone
4052856680
Signed
2021-10-01

Organization Details

Principal Officer
Jon Paden
Formed
1990
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
167

Preparer

Firm
K Evans & Associates Pllc
Address
4433 PUNJAB WAY STE 102, FRISCO, TX 75033-6745
Preparer
Kirk Evans CPA
Phone
9723359754
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Distribution by parent -45,183

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26856
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CAPITAL LEASE OBLIGATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES TO A MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS, KEY EMPLOYEES AND EXECUTIVE DIRECTOR INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S OFFICERS, KEY EMPLOYEES AND EXECUTIVE DIRECTOR INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DISTRIBUTION BY PARENT -45,183
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6AFFORDABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt0COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt1COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt2COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt3COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt4COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine2Txt5COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AFFORDABLE COMMUNITY HOUSING TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1AFFORDABLE COMMUNITY HOUSING-ALPHA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2AFFORDABLE COMMUNITY HOUSING-ZETA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3AFFORDABLE COMMUNITY HOUSING-GAMMA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4AFFORDABLE COMMUNITY HOUSING-THETA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5AFFORDABLE COMMUNITY HOUSING-DELTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6AFFORDABLE SENIOR HOUSING INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4CA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd6OK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4HOUSING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt610
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02200 NE 140TH STREET SUITE A23
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt22200 NE 140TH STREET SUITE A23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt32200 NE 140TH STREET SUITE A23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt42200 NE 140TH STREET SUITE A23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt52200 NE 140TH STREET SUITE A23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt62200 NE 140TH STREET SUITE A23
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm5EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm6EDMOND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd5OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd6OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd173013
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd473013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd573013
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd673013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$62.2$51.6$4.67$11.9$7.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$60.2$49.2$6.29$7.90$1.61
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$59.6$47.6$6.06$8.04$1.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$59.3$45.5$7.26$8.69$1.43
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$59.2$43.9$7.85$8.86$1.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$58.9$43.4$7.90$8.97$1.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$58.2$42.3$7.57$8.73$1.16
2016Detailed filing. Detailed filing data is available for this year.$16.9$58.0$41.1$7.22$8.49$1.27
2015Detailed filing. Detailed filing data is available for this year.$17.4$57.2$39.8$6.87$8.15$1.28
2014Detailed filing. Detailed filing data is available for this year.$18.4$57.0$38.6$6.45$7.69$1.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.1$56.6$37.5$8.33
2012Summary only. Only limited summary data is available for this year.$20.0$55.3$35.3$5.53$7.81$2.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$53.8$32.9$8.38