PRESERVATION HOUSING PARTNERS: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- PRESERVATION HOUSING PARTNERS (EIN 20-3708317)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-17
- IRS object ID
- 201443219349302719
- Schema version
- 2013v3.0
- 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 | 2014-11-17T09:50:55-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 351750664 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAUBY O'CONNOR & ZALESKI LLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 CONGRESSIONAL BLVD STE 300 | AddressLine1 |
| City | CARMEL | City |
| State | IN | State |
| ZIP Code | 46032 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203708317 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESERVATION HOUSING PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRES | BusinessNameControlTxt |
| Phone | 2489338560 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5184 IRON GATE | AddressLine1 |
| City | BLOOMFIELD HILLS | City |
| State | MI | State |
| ZIP Code | 48304 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT S DIEDRICH | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2489338560 | PhoneNum |
| Signature | 2014-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELLEN WILDE | PreparerPersonNm |
| PTIN | P01254265 | PTIN |
| Phone | 3178485700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT S DIEDRICH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5184 IRON GATE | AddressLine1 |
| City | BLOOMFIELD HILLS | City |
| State | MI | State |
| ZIP Code | 48304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,493,858 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 4 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,103,913 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,891,174 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $524,830 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $554,966 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$255,318 | PYInvestmentIncomeAmt |
| CY Investment Income | -$95,094 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,376,555 | PYOtherRevenueAmt |
| CY Other Revenue | $45,198 | CYOtherRevenueAmt |
| PY Total Revenue | $5,749,980 | PYTotalRevenueAmt |
| CY Total Revenue | $3,396,244 | 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 | $177,840 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $214,814 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,246,395 | PYOtherExpensesAmt |
| CY Other Expenses | $3,186,638 | CYOtherExpensesAmt |
| PY Total Expenses | $5,424,235 | PYTotalExpensesAmt |
| CY Total Expenses | $3,401,452 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $325,745 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,208 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,159,882 | TotalAssetsBOYAmt |
| Total Assets EOY | $17,030,793 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,668,943 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,545,062 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $7,490,939 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,485,731 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,781,239 | ExpenseAmt |
| Revenue | $457,352 | RevenueAmt |
| Desc | THE CORPORATION WAS FORMED ON OCTOBER 24, 2005 UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE CORPORATION IS TO CREATE AND PRESERVE AFFORDABLE HOUSING THROUGH THE INVESTMENT, CONSTRUCTION OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW, AND MODERATE INCOME TENANTS. IN ADDITION, THE CORPORATION INVESTED IN TWO AFFORDABLE HOUSING COMMUNITIES WHOSE PROPERTY ALSO QUALIFIED FOR HISTORIC REHABILITATION TAX CREDITS IN ACCORDANCE WITH SECTION 47 OF THE IRC.AS OF DECEMBER 31, 2013, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN EIGHT LIMITED LIABILITY COMPANIES THAT OWN AND OPERATE AFFORDABLE HOUSING COMMUNITIES ("PROJECTS").-QNP GATEWAY VILLAGE LLC OWNS A 64 UNIT APARTMENT COMMUNITY LOCATED IN HILLSBOROUGH, NORTH CAROLINA OPERATING AS GATEWAY VILLAGE APARTMENTS.-PHP HERITAGE HOUSE LIMITED PARTNERSHIP OWNS A 80 UNIT APARTMENT COMMUNITY LOCATED IN LEWISBURG, PENNSYLVANIA OPERATING AS HERITAGE HOUSE APARTMENTS.-PHP LEWIS VILLAGE LLC OWNS A 37 UNIT APARTMENT COMMUNITY LOCATED IN ELIZABETHTOWN, NORTH CAROLINA OPERATING AS LEWIS VILLAGE APARTMENTS.-QNP LYNNHAVEN LLC OWNS A 75 UNIT APARTMENT COMMUNITY LOCATED IN DURHAM, NORTH CAROLINA OPERATING AS LYNNHAVEN APARTMENTS.-PHP NORTHWOODS LLC OWNS A 50 UNIT APARTMENT COMPLEX LOCATED IN BURGAW, NORTH CAROLINA OPERATING AS NORTHWOODS APARTMENTS.-PHP ORANGE VILLAGE LIMITED PARTNERSHIP OWNS A 81 UNIT APARTMENT COMMUNITY LOCATED IN HERMITAGE, PENNSYLVANIA OPERATING AS ORANGE VILLAGE APARTMENTS.-PHP PINEWOOD LLC OWNS A 60 UNIT APARTMENT COMPLEX LOCATED IN DUNN, NORTH CAROLINA OPERATING AS PINEWOOD APARTMENTS.-QNP PRINCE COURT LLC OWNS A 30 UNIT APARTMENT COMPLEX LOCATED IN PRINCEVILLE, NORTH CAROLINA OPERATING AS PRINCE COURT APARTMENTS. | Desc |
| Total Program Service Expenses | $2,781,239 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | 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 | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | 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 | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | 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 | 4 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | 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 |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 4 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | 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 | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT S DIEDRICH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2489338560 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5184 IRON GATE | AddressLine1 |
| City | BLOOMFIELD HILLS | City |
| State | MI | State |
| ZIP Code | 48304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ROBERT S DIEDRICH | ||||||
| PRESIDENT/TREASURER | 40.00 | Yes (X) | Yes (X) | $227,500 | $0 | $0 |
| STEPHEN BUFFA | ||||||
| VICE PRESIDENT/SECRETARY | 0.20 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICHAEL MULLIGAN | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| DANIEL COOPER | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL JEPSEN | ||||||
| DIRECTOR | 0.20 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $227,500 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,891,174 | GovernmentGrantsAmt |
| Total Contributions | $2,891,174 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL INCOME | 531110 | $524,621 | $524,621 |
| SHAREHOLDER DISTRIBUTI | 531110 | $26,650 | $26,650 |
| MANAGEMENT FEE INCOME | 531110 | $3,695 | $3,695 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $554,966 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,520 | TotalRevenueColumnAmt |
| Exclusion | $2,520 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $97,614 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$97,614 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$97,614 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$97,614 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| TENANT CHARGES | 531110 | $26,259 | $26,259 |
| LAUNDRY & VENDING | 531110 | $12,937 | $12,937 |
| MISCELLANEOUS INCOME | 531110 | $6,002 | $6,002 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $45,198 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,396,244 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $457,352 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $47,718 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,000 | TotalAmt |
| Management And General | $190,000 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,814 | TotalAmt |
| Management And General | $24,814 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,090 | TotalAmt |
| Management And General | $239,090 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,783 | TotalAmt |
| Management And General | $3,783 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,133 | TotalAmt |
| Management And General | $63,133 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,497 | TotalAmt |
| Management And General | $3,497 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,331 | TotalAmt |
| Program Services | $87,331 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,919 | TotalAmt |
| Program Services | $11,919 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,683,266 | TotalAmt |
| Program Services | $1,683,266 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,108 | TotalAmt |
| Management And General | $17,108 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,138 | TotalAmt |
| Management And General | $6,138 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,130 | TotalAmt |
| Management And General | $16,130 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $547,641 | TotalAmt |
| Program Services | $547,641 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,585 | TotalAmt |
| Management And General | $45,585 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| MANAGEMENT COMPANY EMPL | $423,729 | $423,729 | |
| BAD DEBTS | $27,291 | $27,291 | |
| MISCELLANEOUS EXPENSES | $10,935 | $10,935 | |
| PASS-THROUGH RENTAL REA | $32 | $32 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30 | TotalAmt |
| Program Services | $30 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,401,452 | TotalAmt |
| Program Services | $2,781,239 | ProgramServicesAmt |
| Management And General | $620,213 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,586 | BOYAmt |
| EOY | $47,079 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,346,060 | BOYAmt |
| EOY | $1,507,221 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,224 | BOYAmt |
| EOY | $50,239 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,069 | BOYAmt |
| EOY | $4,069 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,041 | BOYAmt |
| EOY | $102,673 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,840,541 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,367,094 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,982,387 | BOYAmt |
| EOY | $13,473,447 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,287,377 | BOYAmt |
| EOY | $1,491,421 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $274,268 | BOYAmt |
| EOY | $265,311 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,870 | BOYAmt |
| EOY | $89,333 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,159,882 | BOYAmt |
| EOY | $17,030,793 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $438,276 | BOYAmt |
| EOY | $456,771 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,670 | BOYAmt |
| EOY | $2,265 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $782,156 | BOYAmt |
| EOY | $780,120 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,360,603 | BOYAmt |
| EOY | $8,218,235 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,238 | BOYAmt |
| EOY | $87,671 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,668,943 | BOYAmt |
| EOY | $9,545,062 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,490,939 | BOYAmt |
| EOY | $7,485,731 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,490,939 | BOYAmt |
| EOY | $7,485,731 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,159,882 | BOYAmt |
| EOY | $17,030,793 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$5,208 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $7,265,130 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,775,803 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,103,913 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,891,174 | CurrentTaxYearAmt |
| Total | $15,036,020 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $285,559 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $360,139 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $524,830 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $554,966 | CurrentTaxYearAmt |
| Total | $1,725,494 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $7,550,689 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,135,942 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,628,743 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,446,140 | CurrentTaxYearAmt |
| Total | $16,761,514 | 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 | $16,761,514 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $152 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,884 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,057 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,520 | CurrentTaxYearAmt |
| Total | $9,613 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $152 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,884 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,057 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,520 | CurrentTaxYearAmt |
| Total | $9,613 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $3,811 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $24,779 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,376,555 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $45,198 | CurrentTaxYearAmt |
| Total | $2,450,343 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $7,554,652 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,166,605 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,006,355 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,493,858 | CurrentTaxYearAmt |
| Total | $19,221,470 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.87200 | PublicSupportCY509Pct |
| Public Support PY509 | 0.84660 | PublicSupportPY509Pct |
| Investment Income CY | 0.00050 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00050 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,710,050 | OtherCostOrOtherBasisAmt |
| Book Value | $1,710,050 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,853,286 | OtherCostOrOtherBasisAmt |
| Depreciation | $726,902 | DepreciationAmt |
| Book Value | $10,126,384 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $59,843 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,693 | DepreciationAmt |
| Book Value | $56,150 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,217,362 | OtherCostOrOtherBasisAmt |
| Depreciation | $636,499 | DepreciationAmt |
| Book Value | $1,580,863 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,473,447 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ESCROW DEPOSITS | $107,836 | C |
| RESERVE FOR REPLACEMENTS | $1,383,585 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $1,491,421 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TENANT SECURITY DEPOSITS | $87,520 |
| INVESTMENT IN SURREY HILL LP | $151 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $87,671 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,493,855 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $97,611 | OtherRevenueAmt |
| Revenue Not Reported | $97,611 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,396,244 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,396,244 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,730,709 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $329,257 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $329,257 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,401,452 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,401,452 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | TAX LOSS ON DISPOSITION 97,611. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 233,879. BOOK/TAX DIFFERENCE IN AMORTIZATION EXPENSE 54. BOOK/TAX DIFFERENCE IN INVESTMENT IN SURREY HILL 16. BOOK LOSS ON DISPOSITION 95,308. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT S DIEDRICH | PersonNm |
| Title | PRESIDENT/TREASURER | TitleTxt |
| Base Compensation Filing Org | $190,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $37,500 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $0 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $227,500 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $150,000 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (4 entries)
| Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|
| NEMO MULTIFAMILY CAPITAL LLC | ||||||
| PROMISSORY NOTE | Yes (X) | $470,000 | $296,703 | 0 | Yes (1) | Yes (1) |
| OMNI MULTIFAMILY CAPITAL LLC | ||||||
| PROMISSORY NOTE | Yes (X) | $470,000 | $296,703 | 0 | Yes (1) | Yes (1) |
| NEMO MULTIFAMILY CAPITAL LLC | ||||||
| LOAN PARTICIPATION INTEREST | Yes (X) | $94,000 | $93,357 | 0 | Yes (1) | Yes (1) |
| OMNI MULTIFAMILY CAPITAL LLC | ||||||
| LOAN PARTICIPATION INTEREST | Yes (X) | $94,000 | $93,357 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $780,120 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE L, PART II | NEMO MULTIFAMILY CAPITAL, LLC IS WHOLLY OWNED BY ROBERT S. DIEDRICH. MR. DIEDRICH IS EMPLOYED BY THE ENTITY AND IS A MEMBER OF THE BOARD OF DIRECTORS. |
| FORM 990, SCHEDULE L, PART II | OMNI MULTIFAMILY CAPITAL LLC IS OWNED BY PAULA J. BUFFA. SHE IS RELATED TO STEPHEN BUFFA WHO SERVES ON THE BOARD OF DIRECTORS OF PRESERVATION HOUSING PARTNERS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (17 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | A MEMBER OF THE BOARD OF DIRECTORS (ROBERT S. DIEDRICH) WHOLLY OWNS AN ENTITY (NEMO MULTIFAMILY CAPITAL, LLC) THAT IS ENGAGED WITH THE ORGANIZATION FOR AN OUTSTANDING LIABILITY AT YEAR END. |
| FORM 990, PART VI, SECTION A, LINE 3 | HERITAGE HOUSE, IS MANAGED BY NDC REAL ESTATE MANAGEMENT, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | ORANGE VILLAGE, IS MANAGED BY NDC REAL ESTATE MANAGEMENT, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | LYNNHAVEN, IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | GATEWAY VILLAGE, IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | PHP LEWIS VILLAGE LLC, IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | PHP PINEWOOD LLC, IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | PHP NORTHWOODS LLC, IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 3 | QNP PRINCE COURT, LLC IS MANAGED BY COMMUNITY MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD SHALL APPOINT THE OFFICERS OF THE CORPORATION. THE OFFICERS SHALL BE A PRESIDENT, A SECRETARY, AND A TREASURER. THERE MAY ALSO BE A CHAIRPERSON, VICE PRESIDENT, AND SUCH OTHER OFFICERS AS THE BOARD DEEMS APPROPRIATE. THE PRESIDENT SHALL BE A VOTING MEMBER OF THE BOARD. THE SAME PERSON MAY HOLD TWO OR MORE OFFICES, BUT SUCH PERSON SHALL NOT EXECUTE, ACKNOWLEDGE, OR VERIFY AN INSTRUMENT IN MORE THAN ONE CAPACITY IF THE INSTRUMENT IS REQUIRED BY LAW OR BY THE PRESIDENT OR BY THE BOARD TO BE EXECUTED, ACKNOWLEDGED, OR VERIFIED BY TWO OR MORE OFFICERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING MAY AMEND OR REPEAL THESE BYLAWS, OR ADOPT NEW BYLAWS BY VOTE OF A MAJORITY OF THE DIRECTORS, IF NOTICE SETTING FORTH THE TERMS OF THE PROPOSAL HAS BEEN GIVEN IN ACCORDANCE WITH ANY NOTICE REQUIREMENT FOR SUCH MEETING OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ACCOUNTING FIRM SENDS A DRAFT OF THE RETURN TO THE COMPANY. THE COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | WHENEVER ANY MATTER ARISES IN WHICH A DIRECTOR EITHER HAS A CONFLICT OF INTEREST OR HAS A QUESTION ABOUT THE EXISTENCE OF A CONFLICT OF INTEREST, HE/SHE SHALL MAKE FULL DISCLOSURE OF THE MATERIAL FACTS OF THE CONFLICT TO THE CORPORATION BEFORE THE MATTER IS DISCUSSED FORMALLY. THIS DISCLOSURE MUST BE MADE TO THE FULL BOARD AT A PROPERLY CALLED MEETING OF THE BOARD. A RULING ON THE CONFLICT SHALL BE MADE BY A MAJORITY VOTE OF THE BOARD AND ENTERED INTO THE MINUTES OF THE CORPORATION. STATED CONFLICTS AND ABSTENTIONS SHALL BE INCLUDED IN THE MINUTES. PERSONS WHO HAVE CONFLICTS OF INTERESTS AS DEFINED HEREIN MAY PARTICIPATE IN THE DISCUSSION OF THE MATTER IN QUESTION AND MAY BE CONSIDERED IN DETERMINING THE PRESENCE OF A QUORUM, BUT MAY NOT VOTE ON ANY RESOLUTION OR ACTION OF THE BOARD INVOLVING THE MATTER IN QUESTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD MAY ELECT A COMPENSATION COMMITTEE OF UP TO THREE (3) DIRECTORS. IT SHALL BE RESPONSIBLE FOR PRESENTING RECOMMENDATIONS TO THE BOARD RELATIVE TO COMPENSATION TO BE PROVIDED TO OFFICERS AND OTHER SENIOR MANAGEMENT PERSONNEL, OR FOR APPROVING SUCH COMPENSATION TO OFFICERS AND MANAGEMENT PERSONNEL IN LIEU OF ACTION BY THE BOARD OF DIRECTORS. ALL MEMBERS OF THE COMMITTEE SHALL BE SUBJECT TO THE CONFLICT OF INTEREST POLICY AS DELINEATED IN THESE BYLAWS AT ARICLE XI. PRIOR TO MAKING ANY COMPENSATION DECISIONS, THE COMMITTEE SHALL OBTAIN INFORMATION WITH RESPECT TO THE COMPARABILITY OF THE PROPOSED COMPENSATION WITH AMOUNTS ORDINARILY PAID BY SIMILAR ORGANIZATIONS FOR SIMILAR SERVICES. THE COMMITTEE SHALL RELY ON THIS INFORMATION IN MAKING ITS RECOMMENDATIONS OR DECISIONS AND SHALL DOCUMENT THE BASIS FOR ITS ACTIONS CONCURRENTLY WITH THOSE RECOMMENDATIONS OR DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: | ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. |
| PART XII, LINE 2C: | IF DETERMINED BY THE BOARD OF DIRECTORS OR REQUIRED BY THE FUNDERS OF THE CORPORATION, THERE SHALL BE AN ANNUAL AUDIT OF THE FINANCIAL STATEMENTS OF THE CORPORATION BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT APPROVED BY THE BOARD OF DIRECTORS. THE CORPORATION RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS AND APPROVAL. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (12 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|
| PHP HERITAGE HOUSE LIMITED PARTNERSHIP | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272051437 | RENTAL REAL ESTATE | PA | $517,398 | $2,385,290 | N/A |
| PHP ORANGE VILLAGE LIMITED PARTNERSHIP | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272051689 | RENTAL REAL ESTATE | PA | $684,227 | $2,168,249 | N/A |
| QNP GATEWAY VILLAGE LLC | |||||||||
| 1415 OLD MILL CIRCLE | WINSTON SALEM | NC | 27103 | 272122379 | RENTAL REAL ESTATE | NC | $459,581 | $2,423,512 | N/A |
| QNP LYNNHAVEN LLC | |||||||||
| 1415 OLD MILL CIRCLE | WINSTON SALEM | NC | 27103 | 272122535 | RENTAL REAL ESTATE | NC | $594,461 | $3,107,767 | N/A |
| QNP HERITAGE HOUSE LLC | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272051840 | RENTAL REAL ESTATE INVESTMENT | PA | $0 | $0 | N/A |
| QNP ORANGE VILLAGE LLC | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272052045 | RENTAL REAL ESTATE INVESTMENT | PA | $0 | $0 | N/A |
| PHP LEWIS VILLAGE LLC | |||||||||
| 200 WRIGHT STREET | ELIZABETHTOWN | NC | 28337 | 452971536 | RENTAL REAL ESTATE | NC | $270,058 | $1,193,934 | N/A |
| PHP NORTHWOODS LLC | |||||||||
| 601 NORTH TIMBERLY LANE | BURGAW | NC | 28425 | 452620260 | RENTAL REAL ESTATE | NC | $344,016 | $2,006,430 | N/A |
| PHP PINEWOOD LLC | |||||||||
| 400 PONDEROSA DRIVE | DUNN | NC | 28334 | 452620382 | RENTAL REAL ESTATE | NC | $379,754 | $1,861,099 | N/A |
| QNP PRINCE COURT LLC | |||||||||
| 5184 IRON GATE | BLOOMFIELD HILLS | MI | 48304 | 900872226 | RENTAL REAL ESTATE | NC | $212,312 | $902,563 | N/A |
| PHP COLUMBIA SQUARE LLC | |||||||||
| 3331 W NORTH AVE | MILWAUKEE | WI | 53208 | 461549824 | RENTAL REAL ESTATE | WI | $0 | $0 | N/A |
| PHP SEDGEMEADOW LLC | |||||||||
| 18 WEST STREET | ELKHORN | WI | 53121 | 455471161 | RENTAL REAL ESTATE | WI | $0 | $0 | N/A |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SURREY HILL LIMITED PARTNERSHIP | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5184 IRON GATE | AddressLine1 |
| City | BLOOMFIELD HILLS | City |
| State | MI | State |
| ZIP Code | 48304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208807578 | EIN |
| Primary Activities | RENTAL REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | -$32 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $640 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Ownership | 0.00010 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHP-SURREY HILL INC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5184 IRON GATE | AddressLine1 |
| City | BLOOMFIELD HILLS | City |
| State | MI | State |
| ZIP Code | 48304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 310232194 | EIN |
| Primary Activities | RENTAL REAL ESTATE INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESERVATION HOUSING PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | -$32 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | -$151 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |