Civic Intelligence

Verdugo Tower Inc.

990 • Fiscal year 2017 • EIN 95-4401836

Apr 01, 2016 to Mar 31, 2017 • Filed on Feb 08, 2018

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

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.06x

Higher debt load relative to revenue than 26% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

5th percentile

-55%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

12th percentile

-7.1%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

37th percentile

0.4%

Faster revenue growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$6,147,925

Down $471,681 (-7.1%) from 2016

Net Assets

Down

$6,096,977

Down $461,904 (-7.0%) from 2016

Liabilities

Down

$50,948

Down $9,777 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin5th percentile

Revenue

Up

$839,544

Up $3,079 (+0.4%) from 2016

Expenses

Up

$1,301,448

Up $272,249 (+26%) from 2016

Net Income

Down

-$461,904

Down $269,170 (-140%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $7,593,682Liabilities 2011: $57,107Net Assets 2011: $7,536,5752011Assets 2012: $7,290,042Liabilities 2012: $41,740Net Assets 2012: $7,248,3022012Assets 2013: $7,140,932Liabilities 2013: $56,144Net Assets 2013: $7,084,7882013Assets 2014: $7,051,202Liabilities 2014: $115,224Net Assets 2014: $6,935,9782014Assets 2015: $6,843,417Liabilities 2015: $91,802Net Assets 2015: $6,751,6152015Assets 2016: $6,619,606Liabilities 2016: $60,725Net Assets 2016: $6,558,8812016Assets 2017: $6,147,925Liabilities 2017: $50,948Net Assets 2017: $6,096,9772017Assets 2018: $5,897,263Liabilities 2018: $94,970Net Assets 2018: $5,802,2932018Assets 2019: $5,569,436Liabilities 2019: $82,080Net Assets 2019: $5,487,3562019Assets 2020: $5,330,723Liabilities 2020: $90,233Net Assets 2020: $5,240,4902020Assets 2021: $5,153,076Liabilities 2021: $85,475Net Assets 2021: $5,067,6012021Assets 2022: $4,926,655Liabilities 2022: $99,462Net Assets 2022: $4,827,1932022Assets 2023: $5,170,847Liabilities 2023: $93,974Net Assets 2023: $5,076,8732023Assets 2025: $6,350,937Liabilities 2025: $88,169Net Assets 2025: $6,262,7682025

Highlighted filing

2017

Assets$6,147,925
Liabilities$50,948
Net Assets$6,096,977
Open 2017 Filing

Operations Trend

Revenue Growth37th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $952,5582011Revenue 2012: $754,573Expenses 2012: $1,042,846Net Income 2012: -$288,2732012Expenses 2013: $951,2062013Revenue 2014: $831,595Expenses 2014: $980,405Net Income 2014: -$148,8102014Revenue 2015: $835,955Expenses 2015: $1,020,318Net Income 2015: -$184,3632015Revenue 2016: $836,465Expenses 2016: $1,029,199Net Income 2016: -$192,7342016Revenue 2017: $839,544Expenses 2017: $1,301,448Net Income 2017: -$461,9042017Revenue 2018: $863,993Expenses 2018: $1,158,677Net Income 2018: -$294,6842018Revenue 2019: $891,639Expenses 2019: $1,206,576Net Income 2019: -$314,9372019Revenue 2020: $914,683Expenses 2020: $1,161,549Net Income 2020: -$246,8662020Revenue 2021: $988,858Expenses 2021: $1,161,747Net Income 2021: -$172,8892021Revenue 2022: $993,944Expenses 2022: $1,234,352Net Income 2022: -$240,4082022Revenue 2023: $1,453,285Expenses 2023: $1,203,605Net Income 2023: $249,6802023Revenue 2025: $2,684,889Expenses 2025: $1,326,590Net Income 2025: $1,358,2992025

Highlighted filing

2017

Revenue$839,544
Expenses$1,301,448
Net Income-$461,904
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$839,544
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$6,032,061$5,793,147▼ $238,914
Prepaid Expenses and Deferred Charges$17,053$17,154▲ $101
Savings and Temporary Cash Investments$12,644$12,410▼ $234
Accounts Receivable$517$364▼ $153
Total Assets$6,619,606$6,147,925▼ $471,681
Other Assets Total$557,331$324,850▼ $232,481
Liabilities
Accounts Payable and Accrued Expenses$41,154$29,490▼ $11,664
Other Liabilities$19,571$21,458▲ $1,887
Total Liabilities$60,725$50,948▼ $9,777
Net Assets / Fund Balance
Unrestricted Net Assets$6,558,881$6,096,977▼ $461,904
Total Net Assets Fund Balance$6,558,881$6,096,977▼ $461,904
Total Liabilities and Net Assets / Fund Balance$6,619,606$6,147,925▼ $471,681

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,251,191$5,469,088$10,720,279
Land$500,500-$500,500
Other Land Buildings$41,456$66,132$107,588
Other Assets Org$22,098--
Compensation and Service Providers
Top Officer Pay20th 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
$436,752
Program Service Revenue
$402,193
Investment Income
$599
Other Revenue
$0
Change in Net Assets
$-461,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$839,544
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$839,544
Total Revenue per Form 990
$839,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,048,729
Salaries, Compensation, and Employee Benefits$252,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$272,448--$272,448
Other Salaries and Wages$196,661--$196,661
All Other Expenses$86,824$28,257-$115,081
Fees for Services Management-$99,806-$99,806
Other Employee Benefits$40,570--$40,570
Other Expenses$36,088--$36,088
Payroll Taxes$15,488--$15,488
Fees for Services Accounting-$10,625-$10,625
Fees for Services Legal$212--$212
Total Functional Expenses$1,162,760$138,688$0$1,301,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,301,448
Total Expenses per Audited Statements$1,301,448
Total Expenses per Form 990$1,301,448
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$21,458
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 11B

“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
Verdugo Tower Inc
EIN
95-4401836
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109-7070

Signing Officer

Name
Elvan Moen
Title
President
Phone
3232583512
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elvan Moen
Formed
1982
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
11
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, 2013.”

Raw XML AppendixShowing 400 of 544 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/OtherExpensesGrp/TotalAmt241761
IRS990/OtherExpensesGrp/TotalAmt336088
IRS990/OtherLiabilitiesGrp/BOYAmt019571
IRS990/OtherLiabilitiesGrp/EOYAmt021458
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0196661
IRS990/OtherSalariesAndWagesGrp/TotalAmt0196661
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt015488
IRS990/PayrollTaxesGrp/TotalAmt015488
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017053
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017154
IRS990/PrincipalOfficerNm0ELVAN MOEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0396830
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14824
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0396830
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2539
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0426554
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0833
IRS990/PYOtherExpensesAmt0780504
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0409078
IRS990/PYRevenuesLessExpensesAmt0-192734
IRS990/PYSalariesCompEmpBnftPaidAmt0248695
IRS990/PYTotalExpensesAmt01029199
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0836465
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-461904
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0402193
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012644
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012410
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0436752
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0426554
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0428965
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0438714
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0406081
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02137066
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0599
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08336
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0822
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01084
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0402193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0409078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0406168
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0392129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0380527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01990095
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0599
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08336
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0822
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011593
IRS990ScheduleA/InvestmentIncomeCYPct00.00280
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99720
IRS990ScheduleA/PublicSupportPY509Pct00.99660
IRS990ScheduleA/PublicSupportTotal509Amt04127161
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0838945
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0835632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0835133
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0830843
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0786608
IRS990ScheduleA/Total509Grp/TotalAmt04127161
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0839544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0843968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0835955
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0831595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0787692
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04138754
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/BookValueAmt05251191
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05469088
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010720279
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01301448
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0500500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0500500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt021458
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1281294
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt222098
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041456
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt066132
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0107588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021458
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0839544
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, 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05793147
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0324850
IRS990ScheduleD/TotalExpensesPerForm990Amt01301448
IRS990ScheduleD/TotalLiabilityAmt021458
IRS990ScheduleD/TotalRevenuePerForm990Amt0839544
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0839544
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01301448
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0WESLEY HOMES INC

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,147,925
Liabilities
$50,948
Net assets
$6,096,977
Revenue
$839,544
Expenses
$1,301,448
Net income
-$461,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.35$0.09$6.26$2.68$1.33$1.36
2023Summary only. Only limited summary data is available for this year.$5.17$0.09$5.08$1.45$1.20$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$0.10$4.83$0.99$1.23$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$0.09$5.07$0.99$1.16$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.09$5.24$0.91$1.16$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.08$5.49$0.89$1.21$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.90$0.09$5.80$0.86$1.16$0.29
2017Detailed filing. Detailed filing data is available for this year.$6.15$0.05$6.10$0.84$1.30$0.46
2016Detailed filing. Detailed filing data is available for this year.$6.62$0.06$6.56$0.84$1.03$0.19
2015Summary only. Only limited summary data is available for this year.$6.84$0.09$6.75$0.84$1.02$0.18
2014Detailed filing. Detailed filing data is available for this year.$7.05$0.12$6.94$0.83$0.98$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.14$0.06$7.08$0.95
2012Summary only. Only limited summary data is available for this year.$7.29$0.04$7.25$0.75$1.04$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.59$0.06$7.54$0.95