Civic Intelligence

Phac No 1 Inc.

990 • Fiscal year 2020 • EIN 99-0297069

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 12, 2021

888 Iwilei Road No 200Honolulu, HI 96817

(808) 523-5681

Siviq Scores

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

Liabilities / Assets

89th percentile

0.77x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

6.87x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$159,071

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

23rd percentile

-2.4%

Faster asset growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$3,417,560

Down $85,773 (-2.4%) from 2019

Net Assets

Down

$774,175

Down $93,614 (-11%) from 2019

Liabilities

Up

$2,643,385

Up $7,841 (+0.3%) from 2019

Revenue

Up

$384,525

Up $53,751 (+16%) from 2019

Expenses

Down

$478,139

Down $30,010 (-5.9%) from 2019

Net Income

Up

-$93,614

Up $83,761 (+47%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,004,695Liabilities 2011: $2,636,201Net Assets 2011: $2,368,4942011Assets 2012: $4,831,057Liabilities 2012: $2,635,205Net Assets 2012: $2,195,8522012Assets 2013: $4,668,111Liabilities 2013: $2,629,523Net Assets 2013: $2,038,5882013Assets 2014: $4,511,499Liabilities 2014: $2,635,459Net Assets 2014: $1,876,0402014Assets 2015: $4,333,974Liabilities 2015: $2,632,183Net Assets 2015: $1,701,7912015Assets 2016: $3,999,445Liabilities 2016: $2,638,082Net Assets 2016: $1,361,3632016Assets 2017: $3,854,055Liabilities 2017: $2,630,342Net Assets 2017: $1,223,7132017Assets 2018: $3,684,650Liabilities 2018: $2,639,486Net Assets 2018: $1,045,1642018Assets 2019: $3,503,333Liabilities 2019: $2,635,544Net Assets 2019: $867,7892019Assets 2020: $3,417,560Liabilities 2020: $2,643,385Net Assets 2020: $774,1752020Assets 2021: $3,303,011Liabilities 2021: $2,639,794Net Assets 2021: $663,2172021Assets 2022: $3,216,542Liabilities 2022: $2,640,484Net Assets 2022: $576,0582022Assets 2023: $3,117,266Liabilities 2023: $2,663,915Net Assets 2023: $453,3512023Assets 2024: $2,936,887Liabilities 2024: $2,667,541Net Assets 2024: $269,3462024

Highlighted filing

2020

Assets$3,417,560
Liabilities$2,643,385
Net Assets$774,175

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $304,012Expenses 2011: $463,538Net Income 2011: -$159,5262011Revenue 2012: $299,017Expenses 2012: $471,659Net Income 2012: -$172,6422012Revenue 2013: $335,155Expenses 2013: $492,420Net Income 2013: -$157,2652013Revenue 2014: $328,270Expenses 2014: $490,505Net Income 2014: -$162,2352014Revenue 2015: $324,030Expenses 2015: $498,589Net Income 2015: -$174,5592015Revenue 2016: $319,867Expenses 2016: $660,295Net Income 2016: -$340,4282016Revenue 2017: $331,627Expenses 2017: $468,965Net Income 2017: -$137,3382017Revenue 2018: $316,628Expenses 2018: $495,177Net Income 2018: -$178,5492018Revenue 2019: $330,774Expenses 2019: $508,149Net Income 2019: -$177,3752019Revenue 2020: $384,525Expenses 2020: $478,139Net Income 2020: -$93,6142020Revenue 2021: $398,261Expenses 2021: $509,219Net Income 2021: -$110,9582021Revenue 2022: $413,097Expenses 2022: $523,627Net Income 2022: -$110,5302022Revenue 2023: $406,699Expenses 2023: $529,406Net Income 2023: -$122,7072023Revenue 2024: $378,927Expenses 2024: $562,932Net Income 2024: -$184,0052024

Highlighted filing

2020

Revenue$384,525
Expenses$478,139
Net Income-$93,614
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 12, 2021
Return Version
2019v5.1
Gross Receipts
$384,525
Mission and Program Overview

Mission

Operation of rental housing and facilities to benefit elderly personsas defined by the u.s. Department of housing and urban development.

Operation of rental housing and facilities to benefit elderly persons as defined by the u.s. Department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,213,072$3,025,045▼ $188,027
Accounts Receivable$631$19,375▲ $18,744
Prepaid Expenses and Deferred Charges$8,450$11,181▲ $2,731
Cash and Non-Interest-Bearing Accounts$433$3,343▲ $2,910
Total Assets$3,503,333$3,417,560▼ $85,773
Other Assets Total$280,747$358,616▲ $77,869
Liabilities
Unsecured Notes Loans Payable$2,585,902$2,585,902→ $0
Other Liabilities$35,455$35,383▼ $72
Deferred Revenue$1,705$18,963▲ $17,258
Accounts Payable and Accrued Expenses$12,482$3,137▼ $9,345
Total Liabilities$2,635,544$2,643,385▲ $7,841
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$841,791$748,177▼ $93,614
Net Assets With Donor Restrictions$25,998$25,998→ $0
Total Net Assets Fund Balance$867,789$774,175▼ $93,614
Total Liabilities and Net Assets / Fund Balance$3,503,333$3,417,560▼ $85,773

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,020,724$4,434,021$7,454,745
Equipment$0$230,026$230,026
Other Land Buildings$4,321$83,652$87,973
Other Assets Org$82,823--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gwen HiragaPresident
Tony MizunoVice President
Carl TakamuraDirector
Collin HooDirector
Don FujimotoDirector
Scott KuiokaDirector
Marvin B AwayaExec. Dir./assist. Sec.
Amy HiranoSecretary
Dan IshiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$280,382
Program Service Revenue
$97,328
Investment Income
$2,970
Other Revenue
$3,845
Change in Net Assets
$-93,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,525
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$384,525
Total Revenue per Form 990
$384,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,494
Salaries, Compensation, and Employee Benefits$55,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$188,027--$188,027
Occupancy$150,356--$150,356
Other Salaries and Wages$21,709$22,345-$44,054
Insurance$30,817--$30,817
Fees for Services Management-$30,686-$30,686
Office Expenses$5,331$12,659-$17,990
Other Employee Benefits$7,862--$7,862
Fees for Services Accounting-$4,500-$4,500
Payroll Taxes$3,729--$3,729
Fees for Services Legal-$83-$83
Advertising-$35-$35
Total Functional Expenses$407,831$70,308$0$478,139

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$478,139
Total Expenses per Audited Statements$478,139
Total Expenses per Form 990$478,139
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
Misc Long Term Liability$24,870
Tenant Deposits$10,513
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
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

The project is managed by a property management firm under an agreement approved by the u.s. Department of housing and urban development.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the board before it is filed with the irs.

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

The organization conducts periodic reviews with the officers regarding the conflict of interest policies.

Form 990, Part VI, Section B, Line 15B

The compensation for the project employees are determined by the management and board of directors with approval from the u.s. Department of housing and urban development.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Phac No 1 Inc
EIN
99-0297069
Phone
8085235681
Address
888 IWILEI ROAD NO 200, HONOLULU, HI 96817

Signing Officer

Name
Audrey Awaya
Title
Assistant Secretary
Phone
8085235681
Signed
2021-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Ishii
Formed
1992
Legal Domicile
Hi
Voting Board Members
9
Independent Board Members
8
Employees
3
Volunteers
0

Preparer

Firm
Cna Tax Professionals Inc
Address
10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer
Shawn D Dreiman CPA
Phone
3178413393
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The corporation qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes is recognized in the financial statements. It is exempt from income taxes under the provisions of section 501(a) of the code. Income tax expense for the tax reporting entity includes federal and state taxes currently payable and deferred taxes arising from temporary differences between income for financial reporting and income tax purposes. No such differences existed at the end of the current fiscal year. The corporation adopted the standard for accounting for uncertainty in income taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. Federal and state tax authorities (if applicable) generally have the right to examine and audit the previous three years of tax returns filed.

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IRS990/OtherRevenueTotalAmt03845
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt022345
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021709
IRS990/OtherSalariesAndWagesGrp/TotalAmt044054
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03729
IRS990/PayrollTaxesGrp/TotalAmt03729
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011181
IRS990/PrincipalOfficerNm0DAN ISHII
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097324
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097324
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0241669
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01506
IRS990/PYOtherExpensesAmt0447589
IRS990/PYOtherRevenueAmt0961
IRS990/PYProgramServiceRevenueAmt086638
IRS990/PYRevenuesLessExpensesAmt0-177375
IRS990/PYSalariesCompEmpBnftPaidAmt060560
IRS990/PYTotalExpensesAmt0508149
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0330774
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-93614
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt097328
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0280382
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0241669
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0233540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0245139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01000730
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02970
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01506
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0174
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt097328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt086638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt082747
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt086245
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0319693
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0672651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02970
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0174
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05234
IRS990ScheduleA/InvestmentIncomeCYPct00.00310
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03845
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0961
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04806
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99400
IRS990ScheduleA/PublicSupportPY509Pct00.99790
IRS990ScheduleA/PublicSupportTotal509Amt01673381
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0377710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0328307
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0316287
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0331384
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0319693
IRS990ScheduleA/Total509Grp/TotalAmt01673381
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0384525
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0330774
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0316628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0331627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0319867
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01683421
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/BookValueAmt03020724
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04434021
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07454745
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0230026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0230026
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0478139
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt011551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1264242
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt282823
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INVESTMENTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04321
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt083652
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087973
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124870
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC LONG TERM LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0384525
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES IS RECOGNIZED IN THE FINANCIAL STATEMENTS. IT IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(A) OF THE CODE. INCOME TAX EXPENSE FOR THE TAX REPORTING ENTITY INCLUDES FEDERAL AND STATE TAXES CURRENTLY PAYABLE AND DEFERRED TAXES ARISING FROM TEMPORARY DIFFERENCES BETWEEN INCOME FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES. NO SUCH DIFFERENCES EXISTED AT THE END OF THE CURRENT FISCAL YEAR. THE CORPORATION ADOPTED THE STANDARD FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ENTITY RECOGNIZES A TAX BENEFIT ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT IS RECORDED. FEDERAL AND STATE TAX AUTHORITIES (IF APPLICABLE) GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03025045
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0358616
IRS990ScheduleD/TotalExpensesPerForm990Amt0478139
IRS990ScheduleD/TotalLiabilityAmt035383
IRS990ScheduleD/TotalRevenuePerForm990Amt0384525
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0478139
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0142855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016216
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARVIN B AWAYA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXEC. DIR./ASSIST. SEC.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0159071
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROJECT IS MANAGED BY A PROPERTY MANAGEMENT FIRM UNDER AN AGREEMENT APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONDUCTS PERIODIC REVIEWS WITH THE OFFICERS REGARDING THE CONFLICT OF INTEREST POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION FOR THE PROJECT EMPLOYEES ARE DETERMINED BY THE MANAGEMENT AND BOARD OF DIRECTORS WITH APPROVAL FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$2.67$0.27$0.38$0.56$0.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$2.66$0.45$0.41$0.53$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$2.64$0.58$0.41$0.52$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$2.64$0.66$0.40$0.51$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.42$2.64$0.77$0.38$0.48$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$2.64$0.87$0.33$0.51$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.68$2.64$1.05$0.32$0.50$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$2.63$1.22$0.33$0.47$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.00$2.64$1.36$0.32$0.66$0.34
2015Summary only. Only limited summary data is available for this year.$4.33$2.63$1.70$0.32$0.50$0.17
2014Summary only. Only limited summary data is available for this year.$4.51$2.64$1.88$0.33$0.49$0.16
2013Summary only. Only limited summary data is available for this year.$4.67$2.63$2.04$0.34$0.49$0.16
2012Summary only. Only limited summary data is available for this year.$4.83$2.64$2.20$0.30$0.47$0.17
2011Summary only. Only limited summary data is available for this year.$5.00$2.64$2.37$0.30$0.46$0.16