FAIRFAX EDUCATION ASSOCIATION RETIREMENT HOUSING CORPORATION: Form 990, tax year 2023
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- Organization
- FAIRFAX EDUCATION ASSOCIATION RETIREMENT HOUSING CORPORATION (EIN 54-1031421)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349302225
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T08:04:13-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205991824 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SC&H GROUP INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 910 RIDGEBROOK ROAD | AddressLine1Txt |
| City | SPARKS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21152 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541031421 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FAIRFAX EDUCATION ASSOCIATION RETIREMENT | BusinessNameLine1Txt |
| Business Name Line2 | HOUSING CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FAIR | BusinessNameControlTxt |
| Phone | 7032812080 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8500 TYSPRING STREET | AddressLine1Txt |
| City | VIENNA | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22182 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MIMI DASH | PersonNm |
| Person Title | VICE PRESIDENT | PersonTitleTxt |
| Phone | 7035083089 | PhoneNum |
| Signature | 2024-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRAVIS DANIEL | PreparerPersonNm |
| PTIN | P01289276 | PTIN |
| Phone | 4104031500 | PhoneNum |
| Preparation | 2024-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TYSONS TOWERS APARTMENTS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DENNIS PFENNIG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7217 EVANSTON ROAD | AddressLine1Txt |
| City | SPRINGFIELD | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22150 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,799,715 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.TYSONSTOWERS.NET | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1973 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | SEE ATTACHED SCHEDULE O | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 12 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $5,212,642 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,313,522 | CYProgramServiceRevenueAmt |
| PY Investment Income | $94,974 | PYInvestmentIncomeAmt |
| CY Investment Income | $465,592 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $20,601 | CYOtherRevenueAmt |
| PY Total Revenue | $5,307,616 | PYTotalRevenueAmt |
| CY Total Revenue | $5,799,715 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $850,374 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $730,455 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,476,804 | PYOtherExpensesAmt |
| CY Other Expenses | $3,456,713 | CYOtherExpensesAmt |
| PY Total Expenses | $4,327,178 | PYTotalExpensesAmt |
| CY Total Expenses | $4,187,168 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $980,438 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,612,547 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $28,330,253 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,656,261 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $17,640,110 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,353,571 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,690,143 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,302,690 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,980,578 | ExpenseAmt |
| Revenue | $5,334,123 | RevenueAmt |
| Desc | PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING UNDER THE HUD PBRA RAD COMPONENT. | Desc |
| Total Program Service Expenses | $3,980,578 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 15 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 12 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POLINGER COMPANY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3016573600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5530 WISCONSIN AVE SUITE 1000 | AddressLine1Txt |
| City | CHEVY CHASE | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 20815 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| DENNIS J PFENNIG | |||||||
| PRESIDENT | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MIMI DASH | |||||||
| VICE PRESIDENT | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KAREN BEASLEY | |||||||
| SECRETARY-TREASURER | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ALLISON BATTY | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| KATHRYN A DAVIS | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| MARY GONZALEZ | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL HAIRSTON | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| JANE MCDONALD | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| CHERYL PERRY | |||||||
| DIRECTOR UNTIL 06/2023 | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| KITTY REIP | |||||||
| DIRECTOR | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| LARRY N ARMENTROUT | |||||||
| DIRECTOR UNTIL 06/2023 | 1.50 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD KITCH | |||||||
| BUILDING ENGINEER | 40.00 | $106,492 | $0 | $9,766 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $106,492 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $9,766 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| POLINGER COMPANY | |||||
| 5530 WISCONSIN AVE SUITE 600 | BETHESDA | MD | 20814 | MANAGMENT FEES AND PAYROLL SERVICE | $186,221 |
| CHRISTOS BUILDING SERVICES | |||||
| 21441 PACIFIC BLVD SUITE 115 | STERLING | VA | 20166 | CLEANING SERVICES | $142,994 |
| RESTON LIMOUSINE SERVICE | |||||
| 45685 ELMWOOD CT | STERLING | VA | 20166 | SHUTTLE BUS SERVICES | $135,532 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 1401 SOUTH CLARK STREET | ARLINGTON | VA | 22202 | SECURITY SERVICES | $116,767 |
| MARTIN'S GENERAL CONTRACTOR INC | |||||
| 9237 STEPHANIE ST | MANASSAS PARK | VA | 20111 | GENERAL CONTRACTOR, INC | $102,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RENTAL INCOME | Desc |
| Business | 531110 | BusinessCd |
| Total Revenue Column | $5,313,522 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,313,522 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,313,522 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $465,592 | TotalRevenueColumnAmt |
| Exclusion | $465,592 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LAUNDRY, VENDING & CAB | 531110 | $17,139 | $17,139 |
| TENANT CHARGES | 531110 | $3,462 | $3,462 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,601 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,799,715 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,334,123 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $465,592 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $588,940 | TotalAmt |
| Program Services | $588,940 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,688 | TotalAmt |
| Program Services | $7,688 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,918 | TotalAmt |
| Program Services | $84,918 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,909 | TotalAmt |
| Program Services | $48,909 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,221 | TotalAmt |
| Management And General | $186,221 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $654 | TotalAmt |
| Program Services | $654 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,369 | TotalAmt |
| Management And General | $20,369 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,993 | TotalAmt |
| Program Services | $21,993 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,277 | TotalAmt |
| Program Services | $3,277 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,868 | TotalAmt |
| Program Services | $65,868 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,313,449 | TotalAmt |
| Program Services | $2,313,449 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,178 | TotalAmt |
| Program Services | $9,178 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $813,202 | TotalAmt |
| Program Services | $813,202 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,781 | TotalAmt |
| Program Services | $10,781 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| SUPPLIES | $6,597 | $6,597 |
| BAD DEBT | $3,206 | $3,206 |
| MISCELLANEOUS | $1,918 | $1,918 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,187,168 | TotalAmt |
| Program Services | $3,980,578 | ProgramServicesAmt |
| Management And General | $206,590 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,344,512 | BOYAmt |
| EOY | $1,686,318 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,676 | BOYAmt |
| EOY | $15,797 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,567 | BOYAmt |
| EOY | $59,832 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $29,214,378 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,858,128 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,066,314 | BOYAmt |
| EOY | $18,356,250 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,855,184 | BOYAmt |
| EOY | $9,538,064 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,330,253 | BOYAmt |
| EOY | $29,656,261 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,900 | BOYAmt |
| EOY | $204,613 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,505 | BOYAmt |
| EOY | $26,337 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,184 | BOYAmt |
| EOY | $125,299 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,290,521 | BOYAmt |
| EOY | $16,997,322 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,640,110 | BOYAmt |
| EOY | $17,353,571 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,690,143 | BOYAmt |
| EOY | $12,302,690 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,690,143 | BOYAmt |
| EOY | $12,302,690 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,330,253 | BOYAmt |
| EOY | $29,656,261 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,612,547 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,725,011 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,944,416 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,031,617 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,212,642 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,334,123 | CurrentTaxYearAmt |
| Total | $25,247,809 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,725,011 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,944,416 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,031,617 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,212,642 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,334,123 | CurrentTaxYearAmt |
| Total | $25,247,809 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $25,247,809 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $56,687 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,411 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,508 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $94,974 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $465,592 | CurrentTaxYearAmt |
| Total | $636,172 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $56,687 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,411 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,508 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $94,974 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $465,592 | CurrentTaxYearAmt |
| Total | $636,172 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,781,698 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,960,827 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,034,125 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,307,616 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,799,715 | CurrentTaxYearAmt |
| Total | $25,883,981 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.97540 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99170 | PublicSupportPY509Pct |
| Investment Income CY | 0.02460 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00830 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $374,475 | OtherCostOrOtherBasisAmt |
| Book Value | $374,475 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,528,405 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,507,861 | DepreciationAmt |
| Book Value | $17,020,544 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $25,084 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,678 | DepreciationAmt |
| Book Value | $9,406 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,286,414 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,334,589 | DepreciationAmt |
| Book Value | $951,825 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $18,356,250 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| TENANT SECURITY DEPOSITS | $128,493 |
| MORTGAGE ESCROW - INSURANCE | $49,687 |
| RESIDUAL RECEIPTS RESERVE | $8,838,747 |
| REPLACEMENT RESERVE | $521,137 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $9,538,064 | TotalBookValueOtherAssetsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $5,799,715 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $5,799,715 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $5,799,715 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,187,168 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,187,168 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,187,168 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | THE AMOUNTS OF $125,299 AND $124,184 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY, REPRESENT ESCROW ACCOUNT OF TENANT SECURITY HELD IN TRUST. VIRGINIA RENT ESCROW LAW REQUIRES THE CORPORATION TO MAINTAIN A SEPARATE ACCOUNT FOR DEPOSITS PAID BY THE TENANTS. TENANT SECURITY DEPOSITS ARE HELD IN A FEDERALLY INSURED BANK. |
| PART X, LINE 2: | NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS, SINCE THE CORPORATION IS EXEMPT FROM TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE PROJECT IS MANAGED BY POLINGER COMPANY, AN UNRELATED PARTY. THE MANAGEMENT FEES ARE COMPUTED AT 3.5% OF GROSS RENTAL COLLECTIONS, PAYABLE MONTHLY FROM PROJECT FUNDS. THE AGREEMENT IS IN EFFECT BEGINNING ON JANUARY 1, 2022 AND SHALL REMAIN IN EFFECT UNTIL TERMINATED BY EITHER PARTY. FOR THE YEAR ENDED DECEMBER 31, 2023, PROPERTY MANAGEMENT FEES OF $186,221 WERE INCURRED AND PAID. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE DRAFT TAX RETURN IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FINALIZING. DURING THE REVIEW PROCESS, THE BOARD OF DIRECTORS DISCUSS ANY QUESTIONS RESULTING FROM THE REVIEW. ONCE ALL THE QUESTIONS HAVE BEEN RESOLVED, THE TAX RETURN IS APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | AT EACH ANNUAL MEETING AND WHEN NEW DIRECTORS ARE ELECTED, A COPY OF THE CONFLICT-OF-INTEREST RESOLUTION IS DISTRIBUTED. EACH DIRECTOR AND/OR OFFICER ARE REQUIRED TO DISCLOSE TO THE BOARD OF DIRECTORS ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. INDIVIDUALS PARTY TO ANY CONFLICTS OF INTEREST ARE PRECLUDED FROM VOTING ON ANY MATTERS ASSOCIATED WITH THE ARRANGEMENT OR TRANSACTION INVOLVING SUCH CONFLICT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 16 OCCUPANCY EXPENSE: | MORTGAGE INTEREST $ 1,065,537 CONTRACTS 171,209 REPAIRS & MAINTENANCE 493,733 PROPERTY & LIABILITY INSURANCE 107,133 UTILITIES 278,487 RENT 197,350 ___________ TOTAL OCCUPANCY EXPENSE $ 2,313,449 |
| FORM 990, PART X, MORTGAGE AND REPLACEMENT RESERVE | THE FAIRFAX EDUCATION ASSOCIATION RETIREMENT HOUSING REFINANCED THE MORTGAGE ON DECEMBER 20, 2016 IN ORDER TO GENERATE FUNDS TO REHABILITATE SEVERAL UNITS WITHIN THE PROJECT. THE CORPORATION WAS OBLIGATED UNDER THE TERMS OF A CONSTRUCTION LOAN TO VHDA, IN THE ORIGINAL AMOUNT OF $19,000,000. LOAN PROCEEDS WERE ADVANCED THROUGHOUT THE DURATION OF CONSTRUCTION. ON JUNE 21, 2019, THE CONSTRUCTION LOAN WAS CONVERTED TO A PERMANENT FIRST MORTGAGE. THE MORTGAGE BEARS INTEREST AT A NOMINAL RATE OF 5.94% PER ANNUM AND AN EFFECTIVE INTEREST RATE OF 6.11% PER ANNUM. INTEREST REDUCTION PAYMENTS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT WAS SUSPENDED DURING THE REHABILITATION OF THE PROPERTY AND RESUMED ON AUGUST 1, 2019 WITH THE CONVERSION OF THE CONSTRUCTION LOAN TO PERMANENT FINANCING AND WILL CONTINUE THROUGH SEPTEMBER 1, 2025. ANNUAL INTEREST REDUCTION SUBSIDY PAYMENTS FOR ARE NOT TO EXCEED $447,198 IN ANY GIVEN YEAR. IN ACCORDANCE WITH THE TERMS OF THE REGULATORY AGREEMENT, THE PROJECT IS REQUIRED TO FUND A REPLACEMENT RESERVE ACCOUNT WITH VHDA. THE REGULATORY AGREEMENT PROVIDES FOR MONTHLY DEPOSITS OF $7,149 AND REQUIRES WRITTEN AUTHORITY FROM VHDA FOR THE USE OF THE FUNDS FOR MAINTENANCE AND REPLACEMENT COSTS. AS OF DECEMBER 31, 2023, THE REPLACEMENT RESERVE BALANCE WAS $521,137. |