Civic Intelligence

Wesley Tower Inc.

990 • Fiscal year 2015 • EIN 95-3918349

Apr 01, 2014 to Mar 31, 2015 • Filed on Feb 08, 2016

Organization ProfileN/A
PO Box 7070Pasadena, CA 91109-7070

(323) 258-3512

Siviq Scores

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

Liabilities / Assets

94th percentile

1.21x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.10x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

56th percentile

4.6%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

66th percentile

5.8%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

41st percentile

0.5%

Faster revenue growth than 41% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,879,427

Up $265,916 (+5.8%) from 2014

Net Assets

Up

-$1,048,918

Up $66,061 (+5.9%) from 2014

Liabilities

Up

$5,928,345

Up $199,855 (+3.5%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin56th percentile

Revenue

Up

$1,447,136

Up $6,754 (+0.5%) from 2014

Expenses

Up

$1,381,075

Up $4,226 (+0.3%) from 2014

Net Income

Up

$66,061

Up $2,528 (+4.0%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $5,004,603Liabilities 2011: $6,170,569Net Assets 2011: -$1,165,9662011Assets 2012: $4,878,343Liabilities 2012: $6,054,697Net Assets 2012: -$1,176,3542012Assets 2013: $4,726,551Liabilities 2013: $5,905,063Net Assets 2013: -$1,178,5122013Assets 2014: $4,613,511Liabilities 2014: $5,728,490Net Assets 2014: -$1,114,9792014Assets 2015: $4,879,427Liabilities 2015: $5,928,345Net Assets 2015: -$1,048,9182015Assets 2016: $4,938,155Liabilities 2016: $5,858,051Net Assets 2016: -$919,8962016Assets 2017: $4,985,692Liabilities 2017: $5,594,933Net Assets 2017: -$609,2412017Assets 2018: $5,116,913Liabilities 2018: $5,497,809Net Assets 2018: -$380,8962018Assets 2019: $5,342,752Liabilities 2019: $5,413,118Net Assets 2019: -$70,3662019Assets 2020: $5,572,149Liabilities 2020: $5,305,863Net Assets 2020: $266,2862020Assets 2021: $6,426,166Liabilities 2021: $5,219,881Net Assets 2021: $1,206,2852021Assets 2022: $7,279,666Liabilities 2022: $5,116,064Net Assets 2022: $2,163,6022022Assets 2023: $8,157,595Liabilities 2023: $5,012,842Net Assets 2023: $3,144,7532023Assets 2024: $9,331,065Liabilities 2024: $4,923,783Net Assets 2024: $4,407,2822024Assets 2025: $10,451,703Liabilities 2025: $4,811,480Net Assets 2025: $5,640,2232025

Highlighted filing

2015

Assets$4,879,427
Liabilities$5,928,345
Net Assets-$1,048,918
Open 2015 Filing

Operations Trend

Revenue Growth41st percentile

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

$3.0M$2.0M$1.0M$0Expenses 2011: $1,417,9292011Expenses 2012: $1,413,2602012Expenses 2013: $1,418,9402013Revenue 2014: $1,440,382Expenses 2014: $1,376,849Net Income 2014: $63,5332014Revenue 2015: $1,447,136Expenses 2015: $1,381,075Net Income 2015: $66,0612015Revenue 2016: $1,444,908Expenses 2016: $1,315,886Net Income 2016: $129,0222016Revenue 2017: $1,480,930Expenses 2017: $1,170,275Net Income 2017: $310,6552017Revenue 2018: $1,509,918Expenses 2018: $1,281,573Net Income 2018: $228,3452018Revenue 2019: $1,544,678Expenses 2019: $1,234,148Net Income 2019: $310,5302019Revenue 2020: $1,609,262Expenses 2020: $1,272,610Net Income 2020: $336,6522020Revenue 2021: $2,218,118Expenses 2021: $1,278,119Net Income 2021: $939,9992021Revenue 2022: $2,259,034Expenses 2022: $1,301,717Net Income 2022: $957,3172022Revenue 2023: $2,380,784Expenses 2023: $1,399,633Net Income 2023: $981,1512023Revenue 2024: $2,693,882Expenses 2024: $1,431,353Net Income 2024: $1,262,5292024Revenue 2025: $2,830,901Expenses 2025: $1,597,960Net Income 2025: $1,232,9412025

Highlighted filing

2015

Revenue$1,447,136
Expenses$1,381,075
Net Income$66,061
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$1,447,136
Mission and Program Overview

Mission

To provide low income housing to elderly and handicapped persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,659,843$3,605,606▼ $54,237
Savings and Temporary Cash Investments$120,146$301,336▲ $181,190
Intangible Assets-$191,840-
Prepaid Expenses and Deferred Charges$17,119$15,793▼ $1,326
Accounts Receivable-$22-
Total Assets$4,613,511$4,879,427▲ $265,916
Other Assets Total$816,403$764,830▼ $51,573
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,637,050$5,855,200▲ $218,150
Accounts Payable and Accrued Expenses$67,391$48,434▼ $18,957
Other Liabilities$24,049$24,711▲ $662
Total Liabilities$5,728,490$5,928,345▲ $199,855
Net Assets / Fund Balance
Unrestricted Net Assets$-1,114,979$-1,048,918▲ $66,061
Total Net Assets Fund Balance$-1,114,979$-1,048,918▲ $66,061
Total Liabilities and Net Assets / Fund Balance$4,613,511$4,879,427▲ $265,916

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,664,709$4,806,330$7,471,039
Land$940,897-$940,897
Equipment$0$168,457$168,457
Other Assets Org$32,024--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Elvan MoenPresident
Revis CallVice President
Beatrice WainrightDirector
Bert EmmettDirector
Carolyn EnglishDirector
Marsha JacksonDirector
Mike HarrisonDirector
Pat KauffmanDirector
Pat PattersonDirector
Peter McgrathDirector
Rev Inman MooreDirector
Rev Louis ChaseDirector
Wayne WaltersDirector
Lisa FikeSecretary
Jane CaseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,057,221
Program Service Revenue
$388,667
Investment Income
$1,248
Other Revenue
$0
Change in Net Assets
$66,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,447,136
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,447,136
Total Revenue per Form 990
$1,447,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,146,386
Salaries, Compensation, and Employee Benefits$234,689
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$514,145--$514,145
Depreciation Depletion$187,205--$187,205
Other Salaries and Wages$183,858--$183,858
All Other Expenses$127,675$8,201-$135,876
Fees for Services Management-$70,758-$70,758
Other Employee Benefits$29,230--$29,230
Other Expenses$28,282--$28,282
Payroll Taxes$14,913--$14,913
Fees for Services Accounting-$10,620-$10,620
Pension Plan Contributions$6,688--$6,688
Fees for Services Legal$1,535--$1,535
Total Functional Expenses$1,291,496$89,579$0$1,381,075

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,381,075
Total Expenses per Audited Statements$1,381,075
Total Expenses per Form 990$1,381,075
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
Security Deposits$24,711
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Retained falkenberg/gilliam & associates, inc. As approved management company for day-to-day management and operations. The company operates residential property for low income families and is subject to rules and regulations of the u.s. Department of housing and urban development (hud). Falkenberg/gilliam & associates specialized in managing hud assisted projects to ensure compliance with hud's rules and regulations.”

Form 990, Part VI, Section B, Line 11

“The company is audited. During the audit the auditor works with the management company and a board officer to obtain the necessary information to prepare the form 990. The form 990 is reviewed by falkenberg/gilliam finance department then is forwarded to the board officer for review and signature.”

Form 990, Part VI, Section C, Line 19

“In addition to the form 990 being available upon request, it is available through guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Wesley Tower Inc
EIN
95-3918349
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109-7070

Signing Officer

Name
Elvan Moen
Title
President
Phone
3232583512
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elvan Moen
Formed
1984
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
0

Preparer

Firm
Kkaj Llp
Address
27200 TOURNEY ROAD STE 475, VALENCIA, CA 91355
Preparer
Thomas E Engman
Phone
6617054222
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management reviews the status of all tax positions annually to determine if any tax position should affect the company's financial statements. Management estimates that no tax positions taken by the company would be adjusted by taxing authorities under examination. The company's tax returns are still subject to examination by various tax authorities for tax years ending on or after march 31, 2011.”

Raw XML AppendixShowing 400 of 540 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05855200
IRS990/NetAssetsOrFundBalancesBOYAmt0-1114979
IRS990/NetAssetsOrFundBalancesEOYAmt0-1048918
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0816403
IRS990/OtherAssetsTotalGrp/EOYAmt0764830
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029230
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029230
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3INSURANCE - LIABILITY
IRS990/OtherExpensesGrp/ProgramServicesAmt098149
IRS990/OtherExpensesGrp/ProgramServicesAmt164766
IRS990/OtherExpensesGrp/ProgramServicesAmt235050
IRS990/OtherExpensesGrp/ProgramServicesAmt328282
IRS990/OtherExpensesGrp/TotalAmt098149
IRS990/OtherExpensesGrp/TotalAmt164766
IRS990/OtherExpensesGrp/TotalAmt235050
IRS990/OtherExpensesGrp/TotalAmt328282
IRS990/OtherLiabilitiesGrp/BOYAmt024049
IRS990/OtherLiabilitiesGrp/EOYAmt024711
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0183858
IRS990/OtherSalariesAndWagesGrp/TotalAmt0183858
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt014913
IRS990/PayrollTaxesGrp/TotalAmt014913
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06688
IRS990/PensionPlanContributionsGrp/TotalAmt06688
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017119
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015793
IRS990/PrincipalOfficerNm0ELVAN MOEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0383516
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0383516
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15151
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01048956
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02196
IRS990/PYOtherExpensesAmt01187201
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0389230
IRS990/PYRevenuesLessExpensesAmt063533
IRS990/PYSalariesCompEmpBnftPaidAmt0189648
IRS990/PYTotalExpensesAmt01376849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01440382
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt066061
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0388667
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0120146
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0301336
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01057221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01048956
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01030791
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01020760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01004145
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05161873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01248
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01890
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01830
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010152
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0388667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0389230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0384101
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0380268
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0374906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01917172
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01248
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01890
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01830
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt010152
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00170
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt07079045
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01445888
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01438186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01414892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01401028
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01379051
IRS990ScheduleA/Total509Grp/TotalAmt07079045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01447136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01440382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01416782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01404016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01380881
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07089197
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02664709
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04806330
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07471039
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168457
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01381075
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0940897
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0940897
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt024711
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1707919
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2176
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt332024
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01447136
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT REVIEWS THE STATUS OF ALL TAX POSITIONS ANNUALLY TO DETERMINE IF ANY TAX POSITION SHOULD AFFECT THE COMPANY'S FINANCIAL STATEMENTS. MANAGEMENT ESTIMATES THAT NO TAX POSITIONS TAKEN BY THE COMPANY WOULD BE ADJUSTED BY TAXING AUTHORITIES UNDER EXAMINATION. THE COMPANY'S TAX RETURNS ARE STILL SUBJECT TO EXAMINATION BY VARIOUS TAX AUTHORITIES FOR TAX YEARS ENDING ON OR AFTER MARCH 31, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03605606
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0764830
IRS990ScheduleD/TotalExpensesPerForm990Amt01381075
IRS990ScheduleD/TotalLiabilityAmt024711
IRS990ScheduleD/TotalRevenuePerForm990Amt01447136
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01447136
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01381075
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETAINED FALKENBERG/GILLIAM & ASSOCIATES, INC. AS APPROVED MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT AND OPERATIONS. THE COMPANY OPERATES RESIDENTIAL PROPERTY FOR LOW INCOME FAMILIES AND IS SUBJECT TO RULES AND REGULATIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). FALKENBERG/GILLIAM & ASSOCIATES SPECIALIZED IN MANAGING HUD ASSISTED PROJECTS TO ENSURE COMPLIANCE WITH HUD'S RULES AND REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY IS AUDITED. DURING THE AUDIT THE AUDITOR WORKS WITH THE MANAGEMENT COMPANY AND A BOARD OFFICER TO OBTAIN THE NECESSARY INFORMATION TO PREPARE THE FORM 990. THE FORM 990 IS REVIEWED BY FALKENBERG/GILLIAM FINANCE DEPARTMENT THEN IS FORWARDED TO THE BOARD OFFICER FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ADDITION TO THE FORM 990 BEING AVAILABLE UPON REQUEST, IT IS AVAILABLE THROUGH GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,879,427
Liabilities
$5,928,345
Net assets
-$1,048,918
Revenue
$1,447,136
Expenses
$1,381,075
Net income
$66,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$4.81$5.64$2.83$1.60$1.23
2024Detailed filing. Detailed filing data is available for this year.$9.33$4.92$4.41$2.69$1.43$1.26
2023Detailed filing. Detailed filing data is available for this year.$8.16$5.01$3.14$2.38$1.40$0.98
2022Detailed filing. Detailed filing data is available for this year.$7.28$5.12$2.16$2.26$1.30$0.96
2021Detailed filing. Detailed filing data is available for this year.$6.43$5.22$1.21$2.22$1.28$0.94
2020Detailed filing. Detailed filing data is available for this year.$5.57$5.31$0.27$1.61$1.27$0.34
2019Detailed filing. Detailed filing data is available for this year.$5.34$5.41$0.07$1.54$1.23$0.31
2018Detailed filing. Detailed filing data is available for this year.$5.12$5.50$0.38$1.51$1.28$0.23
2017Detailed filing. Detailed filing data is available for this year.$4.99$5.59$0.61$1.48$1.17$0.31
2016Detailed filing. Detailed filing data is available for this year.$4.94$5.86$0.92$1.44$1.32$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.88$5.93$1.05$1.45$1.38$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.61$5.73$1.11$1.44$1.38$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$5.91$1.18$1.42
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.88$6.05$1.18$1.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$6.17$1.17$1.42