Civic Intelligence

Abode Community Housing

990 • Fiscal year 2015 • EIN 95-4586463

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

Organization ProfileWWW.ABODECOMMUNITIES.ORG
1149 S Hill Street Suite 700Los Angeles, CA 90015

(213) 225-2784

Siviq Scores

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

Liabilities / Assets

97th percentile

1.34x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

16.45x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

2nd percentile

-118%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

86th percentile

$264,886

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 48.8% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

10th percentile

-9.7%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$6,647,877

Down $718,116 (-9.7%) from 2014

Net Assets

Down

-$2,286,308

Down $640,500 (-39%) from 2014

Liabilities

Down

$8,934,185

Down $77,616 (-0.9%) from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Down

$543,188

Down $189,555 (-26%) from 2014

Expenses

Down

$1,183,688

Down $74,524 (-5.9%) from 2014

Net Income

Down

-$640,500

Down $115,031 (-22%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$40M$20M$0-$20M-$40MAssets 2011: $11,307,716Liabilities 2011: $11,887,987Net Assets 2011: -$580,2712011Assets 2012: $9,111,949Liabilities 2012: $9,170,280Net Assets 2012: -$58,3312012Assets 2013: $8,408,662Liabilities 2013: $9,110,133Net Assets 2013: -$701,4712013Assets 2014: $7,365,993Liabilities 2014: $9,011,801Net Assets 2014: -$1,645,8082014Assets 2015: $6,647,877Liabilities 2015: $8,934,185Net Assets 2015: -$2,286,3082015Assets 2016: $6,372,882Liabilities 2016: $9,066,180Net Assets 2016: -$2,693,2982016Assets 2017: $6,078,480Liabilities 2017: $9,460,924Net Assets 2017: -$3,382,4442017Assets 2018: $4,504,357Liabilities 2018: $9,156,091Net Assets 2018: -$4,651,7342018Assets 2019: $753,907Liabilities 2019: $6,276,838Net Assets 2019: -$5,522,9312019Assets 2020: $752,458Liabilities 2020: $7,752,341Net Assets 2020: -$6,999,8832020Assets 2021: $764,666Liabilities 2021: $9,646,158Net Assets 2021: -$8,881,4922021Assets 2022: -$12,001,737Liabilities 2022: $440,000Net Assets 2022: -$12,441,7372022Assets 2023: -$18,237,159Liabilities 2023: $442,710Net Assets 2023: -$18,679,8692023Assets 2024: $566,861Liabilities 2024: $23,166,848Net Assets 2024: -$22,599,9872024

Highlighted filing

2015

Assets$6,647,877
Liabilities$8,934,185
Net Assets-$2,286,308
Open 2015 Filing

Operations Trend

Revenue Growth11th percentile

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $1,965,059Expenses 2011: $1,921,932Net Income 2011: $43,1272011Expenses 2012: $1,178,9402012Revenue 2013: $597,090Expenses 2013: $1,240,230Net Income 2013: -$643,1402013Revenue 2014: $732,743Expenses 2014: $1,258,212Net Income 2014: -$525,4692014Revenue 2015: $543,188Expenses 2015: $1,183,688Net Income 2015: -$640,5002015Revenue 2016: $2,834,290Expenses 2016: $1,722,180Net Income 2016: $1,112,1102016Revenue 2017: $1,263,428Expenses 2017: $1,693,211Net Income 2017: -$429,7832017Revenue 2018: $1,441,676Expenses 2018: $2,696,455Net Income 2018: -$1,254,7792018Revenue 2019: $4,354,903Expenses 2019: $3,249,941Net Income 2019: $1,104,9622019Revenue 2020: $12,658Expenses 2020: $1,500,155Net Income 2020: -$1,487,4972020Revenue 2021: $13,008Expenses 2021: $1,894,617Net Income 2021: -$1,881,6092021Revenue 2022: $13,404Expenses 2022: $3,573,649Net Income 2022: -$3,560,2452022Revenue 2023: $13,812Expenses 2023: $6,251,944Net Income 2023: -$6,238,1322023Revenue 2024: $14,271Expenses 2024: $2,756,168Net Income 2024: -$2,741,8972024

Highlighted filing

2015

Revenue$543,188
Expenses$1,183,688
Net Income-$640,500
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$543,188
Mission and Program Overview

Mission

Design development and operation of service enhanced affordable housing.

to create service-enhanced affordable housing that promotes social, economic, and physical transformation of underserved communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,712,623$7,563,676▼ $148,947
Other Notes and Loans Receivable, Net$370,420$448,001▲ $77,581
Cash and Non-Interest-Bearing Accounts$112,330$90,954▼ $21,376
Intangible Assets$28,274$24,309▼ $3,965
Prepaid Expenses and Deferred Charges$2,141$3,937▲ $1,796
Accounts Receivable$16,113$3,908▼ $12,205
Investments Program Related$-878,310$-1,489,502▼ $611,192
Total Assets$7,365,993$6,647,877▼ $718,116
Other Assets Total$2,402$2,594▲ $192
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,767,502$8,720,784▼ $46,718
Other Liabilities$208,620$197,365▼ $11,255
Accounts Payable and Accrued Expenses$35,679$16,036▼ $19,643
Total Liabilities$9,011,801$8,934,185▼ $77,616
Net Assets / Fund Balance
Unrestricted Net Assets$-1,645,808$-2,286,308▼ $640,500
Total Net Assets Fund Balance$-1,645,808$-2,286,308▼ $640,500
Total Liabilities and Net Assets / Fund Balance$7,365,993$6,647,877▼ $718,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,296,975$1,799,826$6,096,801
Land$3,083,577-$3,083,577
Other Land Buildings$136,664$171,342$308,006
Leasehold Improvements$46,460$8,350$54,810
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Flordeliz Lafortezacontroller$133,146$133,146
Raeven FloresAssocite Architect$128,357$128,357
karl LauffDirector, Portfolio Mgmt$116,126$116,126

Board Members and Trustees

NameTitle
Ken KrugChair
Robin Hughespresident
Giuseppe AlianoVice President
Holly BensonVice President
Luz SotoVice President
Jacque Robinson-baileyDirector
maria bustria-glickmandirector
Rick Sapersteinassistant treasurer
gail lannoysecretary
fernando villatreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$543,074
Investment Income
$27
Other Revenue
$87
Change in Net Assets
$-640,500
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$957,806
Salaries, Compensation, and Employee Benefits$225,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$315,962--$315,962
Depreciation Depletion$190,186--$190,186
Other Salaries and Wages$181,241--$181,241
Insurance$124,154--$124,154
Other Expenses$38,355--$38,355
Other Employee Benefits$30,782--$30,782
All Other Expenses$21,907--$21,907
Office Expenses$14,391$40-$14,431
Payroll Taxes$13,859--$13,859
Fees for Services Legal$10,164--$10,164
Fees for Services Accounting-$2,000-$2,000
Travel$398--$398
Total Functional Expenses$1,181,648$2,040$0$1,183,688
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
Due to Affiliates$91,866
Custodial Funds-security Dep$76,766
Interest Payable$27,102
Prepaid Rent$1,631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“audit committee reviews the 990 and approves it for filing.”

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

“annually, letter explaining conflict of interest policy and acknowledging continuing compliance is sent to key employees and board members. this letter is required to be signed and returned to evp/cfo.”

Form 990, Part VI, Section B, line 15

“On an annual basis, comparable compensation data from a reliable third-party source is obtained for the president and executive vice presidents and compensation recommendations are made to the executive committee of the board at a committee meeting. Minutes of the meeting are kept, to the extent allowed for by confidentiality.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy, and financial statements are made available for inspection in person or via email upon request.”

Filing and Contact Details

Filer

Filer Name
Abode Community Housing
EIN
95-4586463
Phone
2132252784
Address
1149 S HILL STREET SUITE 700, Los Angeles, CA 90015

Signing Officer

Name
rick saperstein
Title
CFO
Phone
2132252784
Signed
2016-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Saperstein
Formed
1996
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, Sacramento, CA 95814
Preparer
Laura Wilder CPA
Phone
9164429100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“adobe community housing has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and does not have any unrelated business income for the year ended december 31, 2015. due to its tax-exempt status, this entity is not subject to income taxes. this entity is required to file tax returns with the irs and other taxing authorities. accordingly, the consolidated financial statements do not reflect a provision for income taxes and the entity has no other tax positions which must be considered for disclosure.”

Raw XML AppendixShowing 400 of 905 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/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING THAT PROMOTES SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08767502
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08720784
IRS990/NetAssetsOrFundBalancesBOYAmt0-1645808
IRS990/NetAssetsOrFundBalancesEOYAmt0-2286308
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt040
IRS990/OfficeExpensesGrp/ProgramServicesAmt014391
IRS990/OfficeExpensesGrp/TotalAmt014431
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02402
IRS990/OtherAssetsTotalGrp/EOYAmt02594
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt030782
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030782
IRS990/OtherExpensesGrp/Desc0PROPERTY & PARTNERSHIP
IRS990/OtherExpensesGrp/Desc1UTILITIES & TELEPHONE
IRS990/OtherExpensesGrp/Desc2REPAIR & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt088623
IRS990/OtherExpensesGrp/ProgramServicesAmt178464
IRS990/OtherExpensesGrp/ProgramServicesAmt273162
IRS990/OtherExpensesGrp/ProgramServicesAmt338355
IRS990/OtherExpensesGrp/TotalAmt088623
IRS990/OtherExpensesGrp/TotalAmt178464
IRS990/OtherExpensesGrp/TotalAmt273162
IRS990/OtherExpensesGrp/TotalAmt338355
IRS990/OtherLiabilitiesGrp/BOYAmt0208620
IRS990/OtherLiabilitiesGrp/EOYAmt0197365
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt087
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt087
IRS990/OtherRevenueTotalAmt087
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0181241
IRS990/OtherSalariesAndWagesGrp/TotalAmt0181241
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0370420
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0448001
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt013859
IRS990/PayrollTaxesGrp/TotalAmt013859
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02141
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03937
IRS990/PrincipalOfficerNm0RICK SAPERSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1511110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INVESTMENT LOSS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01152225
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-609151
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01152225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-609151
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt034
IRS990/PYOtherExpensesAmt01024176
IRS990/PYOtherRevenueAmt021
IRS990/PYProgramServiceRevenueAmt0732688
IRS990/PYRevenuesLessExpensesAmt0-525469
IRS990/PYSalariesCompEmpBnftPaidAmt0234036
IRS990/PYTotalExpensesAmt01258212
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0732743
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-640500
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0543161
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt034
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0543074
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0732688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0596838
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01142699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0931182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03946481
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt034
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt086
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0426
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt03946481
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0543074
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0732688
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0596838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01142699
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0931182
IRS990ScheduleA/Total509Grp/TotalAmt03946481
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0543101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0732722
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0596924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01142807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0931353
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03946907
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04296975
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01799826
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06096801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03083577
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03083577
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt046460
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08350
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt054810
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0136664
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0171342
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0308006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt176766
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt227102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTODIAL FUNDS-SECURITY DEP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RENT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0adobe community housing has applied for and received a determination letter from the internal revenue service ("irs") to be treated as a tax-exempt entity pursuant to section 501(c)(3) of the internal revenue code and does not have any unrelated business income for the year ended december 31, 2015. due to its tax-exempt status, this entity is not subject to income taxes. this entity is required to file tax returns with the irs and other taxing authorities. accordingly, the consolidated financial statements do not reflect a provision for income taxes and the entity has no other tax positions which must be considered for disclosure.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07563676
IRS990ScheduleD/TotalLiabilityAmt0197365
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,647,877
Liabilities
$8,934,185
Net assets
-$2,286,308
Revenue
$543,188
Expenses
$1,183,688
Net income
-$640,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.57$23.2$22.6$0.01$2.76$2.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$0.44$18.7$0.01$6.25$6.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.44$12.4$0.01$3.57$3.56
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$9.65$8.88$0.01$1.89$1.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$7.75$7.00$0.01$1.50$1.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$6.28$5.52$4.35$3.25$1.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$9.16$4.65$1.44$2.70$1.25
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.08$9.46$3.38$1.26$1.69$0.43
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.37$9.07$2.69$2.83$1.72$1.11
2015Detailed filing. Detailed filing data is available for this year.$6.65$8.93$2.29$0.54$1.18$0.64
2014Detailed filing. Detailed filing data is available for this year.$7.37$9.01$1.65$0.73$1.26$0.53
2013Detailed filing. Detailed filing data is available for this year.$8.41$9.11$0.70$0.60$1.24$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.11$9.17$0.06$1.18
2011Summary only. Only limited summary data is available for this year.$11.3$11.9$0.58$1.97$1.92$0.04