Civic Intelligence

Wesley Tower Inc.

990 • Fiscal year 2016 • EIN 95-3918349

Apr 01, 2015 to Mar 31, 2016 • Filed on Jan 31, 2017

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

1.19x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

4.05x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

67th percentile

8.9%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

50th percentile

1.2%

Faster asset growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.2%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,938,155

Up $58,728 (+1.2%) from 2015

Net Assets

Up

-$919,896

Up $129,022 (+12%) from 2015

Liabilities

Down

$5,858,051

Down $70,294 (-1.2%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin67th percentile

Revenue

Down

$1,444,908

Down $2,228 (-0.2%) from 2015

Expenses

Down

$1,315,886

Down $65,189 (-4.7%) from 2015

Net Income

Up

$129,022

Up $62,961 (+95%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2016

Assets$4,938,155
Liabilities$5,858,051
Net Assets-$919,896
Open 2016 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

2016

Revenue$1,444,908
Expenses$1,315,886
Net Income$129,022
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Jan 31, 2017
Return Version
2015v3.0
Gross Receipts
$1,444,908
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$3,605,606$3,418,395▼ $187,211
Savings and Temporary Cash Investments$301,336$463,436▲ $162,100
Intangible Assets$191,840$211,834▲ $19,994
Prepaid Expenses and Deferred Charges$15,793$13,878▼ $1,915
Accounts Receivable$22$925▲ $903
Total Assets$4,879,427$4,938,155▲ $58,728
Other Assets Total$764,830$829,687▲ $64,857
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,855,200$5,776,361▼ $78,839
Accounts Payable and Accrued Expenses$48,434$56,229▲ $7,795
Other Liabilities$24,711$25,461▲ $750
Total Liabilities$5,928,345$5,858,051▼ $70,294
Net Assets / Fund Balance
Unrestricted Net Assets$-1,048,918$-919,896▲ $129,022
Total Net Assets Fund Balance$-1,048,918$-919,896▲ $129,022
Total Liabilities and Net Assets / Fund Balance$4,879,427$4,938,155▲ $58,728

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,477,498$4,993,541$7,471,039
Land$940,897-$940,897
Equipment$0$168,457$168,457
Other Assets Org$43,734--
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 Sam B KimDirector
Lisa FikeSecretary
Jane CaseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,041,850
Program Service Revenue
$402,727
Investment Income
$331
Other Revenue
$0
Change in Net Assets
$129,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,444,908
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,444,908
Total Revenue per Form 990
$1,444,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,086,645
Salaries, Compensation, and Employee Benefits$229,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$205,886--$205,886
Other Salaries and Wages$194,127--$194,127
Depreciation Depletion$193,926--$193,926
All Other Expenses$90,164$20,338-$110,502
Fees for Services Management-$70,697-$70,697
Other Expenses$29,943--$29,943
Payroll Taxes$15,759--$15,759
Other Employee Benefits$12,073--$12,073
Fees for Services Accounting-$11,765-$11,765
Pension Plan Contributions$7,282--$7,282
Total Functional Expenses$1,213,086$102,800$0$1,315,886

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,315,886
Total Expenses per Audited Statements$1,315,886
Total Expenses per Form 990$1,315,886
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$25,461
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
2017-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elvan Moen
Formed
1984
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
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, 2012.”

Raw XML AppendixShowing 400 of 539 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/OtherAssetsTotalGrp/EOYAmt0829687
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012073
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012073
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3INSURANCE - LIABILITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0320051
IRS990/OtherExpensesGrp/ProgramServicesAmt199209
IRS990/OtherExpensesGrp/ProgramServicesAmt244666
IRS990/OtherExpensesGrp/ProgramServicesAmt329943
IRS990/OtherExpensesGrp/TotalAmt0320051
IRS990/OtherExpensesGrp/TotalAmt199209
IRS990/OtherExpensesGrp/TotalAmt244666
IRS990/OtherExpensesGrp/TotalAmt329943
IRS990/OtherLiabilitiesGrp/BOYAmt024711
IRS990/OtherLiabilitiesGrp/EOYAmt025461
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0194127
IRS990/OtherSalariesAndWagesGrp/TotalAmt0194127
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015759
IRS990/PayrollTaxesGrp/TotalAmt015759
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07282
IRS990/PensionPlanContributionsGrp/TotalAmt07282
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015793
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013878
IRS990/PrincipalOfficerNm0ELVAN MOEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0397693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14934
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0397693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01057221
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01248
IRS990/PYOtherExpensesAmt01146386
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0388667
IRS990/PYRevenuesLessExpensesAmt066061
IRS990/PYSalariesCompEmpBnftPaidAmt0234689
IRS990/PYTotalExpensesAmt01381075
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01447136
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0129022
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0402727
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0301336
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0463436
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01041850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01057221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01048956
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01030791
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01020760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05199578
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0331
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01248
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01890
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02988
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08653
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0402727
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0388667
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0389230
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0384101
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0380268
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01944993
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01248
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01890
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08653
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99880
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal509Amt07144571
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01444577
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01445888
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01438186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01414892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01401028
IRS990ScheduleA/Total509Grp/TotalAmt07144571
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01444908
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01447136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01440382
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01416782
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01404016
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07153224
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/BookValueAmt02477498
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04993541
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07471039
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168457
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01315886
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0940897
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0940897
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025461
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1760492
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt243734
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025461
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01444908
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, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03418395
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0829687
IRS990ScheduleD/TotalExpensesPerForm990Amt01315886
IRS990ScheduleD/TotalLiabilityAmt025461
IRS990ScheduleD/TotalRevenuePerForm990Amt01444908
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01444908
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01315886
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,938,155
Liabilities
$5,858,051
Net assets
-$919,896
Revenue
$1,444,908
Expenses
$1,315,886
Net income
$129,022
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