FEDERATION HOMES INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: FEDERATION HOMES INC (EIN 06-1019012)
Tax period: 2011-10-01 to 2012-09-30
Filed: 2013-05-07
IRS object ID: 201321279349301407
Schema version: 2011v1.5
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-07T15:03:32-05:00	Timestamp
Tax Period End Date	2012-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	221478099	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	COHNREZNICK LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	76 BATTERSON PARK ROAD	AddressLine1
City	FARMINGTON	City
State	CT	State
ZIP Code	06032	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	061019012	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	FEDERATION HOMES INC	BusinessNameLine1
Business Name Line2	C/O VESTA MANAGEMENT CORPORATION	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	FEDE	NameControl
Phone	8604085400	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	245 HOPMEADOW STREET	AddressLine1
City	WEATOGUE	City
State	CT	State
ZIP Code	06089	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JONATHAN REINER	Name
Title	EXECUTIVE DIRECTOR	Title
Phone	8604085400	Phone
Date Signed	2013-05-01	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KIMBERLY A NARDONE CPA	Name
PTIN	P01058771	PTIN
Phone	8606786000	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JONATHAN REINER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	56 WINTONBURY AVENUE	AddressLine1
City	BLOOMFIELD	City
State	CT	State
ZIP Code	06102	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1624894	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1978	YearFormation
State Legal Domicile	CT	StateLegalDomicile
Activity Or Mission Description	THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	14	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	13	NbrIndependentVotingMembers
Total Nbr Employees	5	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	1071477	ContributionsGrantsPriorYear
Contributions Grants Current Year	1265000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	550184	ProgramServiceRevenuePriorYear
Program Service Revenue CY	359296	ProgramServiceRevenueCY
Investment Income Prior Year	1298	InvestmentIncomePriorYear
Investment Income Current Year	598	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1622959	TotalRevenuePriorYear
Total Revenue Current Year	1624894	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	367706	SalariesEtcPriorYear
Salaries Etc Current Year	353990	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1221757	OtherExpensePriorYear
Other Expenses Current Year	1225899	OtherExpensesCurrentYear
Total Expenses Prior Year	1589463	TotalExpensesPriorYear
Total Expenses Current Year	1579889	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	33496	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	45005	RevenuesLessExpensesCY
Total Assets BOY	3751086	TotalAssetsBOY
Total Assets EOY	3610549	TotalAssetsEOY
Total Liabilities BOY	5549684	TotalLiabilitiesBOY
Total Liabilities EOY	5364142	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-1798598	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-1753593	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE GOAL OF FEDERATION HOMES IS TO PROVIDE A SAFE, SECURE HOME WITH SUPPORTIVE STAFF; TO PROMOTE INDEPENDENCE; AND TO OFFER A DIVERSIFIED EDUCATIONAL, CULTURAL, AND SOCIAL CALENDAR OF ACTIVITIES AND PROGRAMS TO ENHANCE QUALITY OF LIFE FOR OUR RESIDENTS. OUR MISSION IS TO SUPPORT OUR RESIDENTS' DESIRE TO REMAIN IN THE COMMUNITY FOR AS LONG AS POSSIBLE.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	1486506	Expense
Revenue	359296	Revenue
Description	RENTAL OF HOUSING FACILITIES TO ELDERLY & HANDICAPPED PERSONS ON A NON-PROFIT BASIS.	Description
Total Program Service Expense	1486506	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	1	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	17	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	5	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	14	NbrVotingGoverningBodyMembers
Number Independent Voting Members	13	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	1	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	0	ConflictOfInterestPolicy
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	0	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	CT	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	VESTA MANAGEMENT	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	8604085400	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	245 HOPMEADOW STREET	AddressLine1
City	WEATOGUE	City
State	CT	State
ZIP Code	06089	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
JUDY SIEGAL
2ND VICE PRESIDENT	1.00	X	0	0	0
MICHAEL HERLANDS
CHAIRMAN	1.00	X	0	0	0
ALEC BOBROW
PRESIDENT	1.00	X	0	0	0
CLAUDINE HOWARD
1ST VICE PRESIDENT	1.00	X	0	0	0
BRENDA P DELGADO
DIRECTORS	1.00	X	0	0	0
MAURICE JENNINGS
DIRECTORS	1.00	X	0	0	0
CARL MANDELL
DIRECTORS	1.00	X	0	0	0
ELLEN MAYER
DIRECTORS	1.00	X	0	0	0
DAVID NEMIROW
DIRECTORS	1.00	X	0	0	0
LINDA STANGER
DIRECTORS	1.00	X	0	0	0
DAVID N SASPORTAS
DIRECTORS	1.00	X	0	0	0
RUTHAN WEIN
DIRECTORS	1.00	X	0	0	0
PATRICIA WILLIAMS
DIRECTORS	1.00	X	0	0	0
RONA ROSENKRANTZ
SECRETARY	35.00		113960	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	113960	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Government Grants	1259672	GovernmentGrants
All Other Contributions	5328	AllOtherContributions
Total Contributions	1265000	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	RENTAL INCOME	Description
Business Code	531110	BusinessCode
Total Revenue Column	359296	TotalRevenueColumn
Related Or Exempt Function Income	359296	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	359296	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	598	TotalRevenueColumn
Exclusion	$598	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1624894	TotalRevenueColumn
Related Or Exempt Function Income	359296	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$598	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	90000	Total
Program Services	90000	ProgramServices

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	177055	Total
Program Services	177055	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	9585	Total
Program Services	9585	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	53919	Total
Program Services	53919	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	23431	Total
Program Services	23431	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	93383	Total
Management And General	93383	ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	580	Total
Program Services	580	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12750	Total
Program Services	12750	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	10093	Total
Program Services	10093	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	24064	Total
Program Services	24064	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	60104	Total
Program Services	60104	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	236095	Total
Program Services	236095	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	296278	Total
Program Services	296278	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	239886	Total
Program Services	239886	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	86977	Total
Program Services	86977	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
REPAIRS & MAINTENANCE	90554	90554
SOCIAL SERVICE ACTIVITI	25465	25465
SNOW REMOVAL	19938	19938
RUBBISH REMOVAL	17571	17571

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	12161	Total
Program Services	12161	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1579889	Total
Program Services	1486506	ProgramServices
Management And General	93383	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	181652	BOY
EOY	130082	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	19448	BOY
EOY	21557	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	21799	BOY
EOY	21832	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	7268729	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	4697200	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2697869	BOY
EOY	2571529	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	830318	BOY
EOY	865549	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3751086	BOY
EOY	3610549	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	230777	BOY
EOY	113728	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	5279839	BOY
EOY	5209849	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	39068	BOY
EOY	40565	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	5549684	BOY
EOY	5364142	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-1798598	BOY
EOY	-1753593	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-1798598	BOY
EOY	-1753593	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3751086	BOY
EOY	3610549	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	45005	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	0	FSAudited
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1149171	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1115592	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1169671	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1071477	CurrentTaxYearMinus1Year
Current Tax Year	1265000	CurrentTaxYear
Total	5770911	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1149171	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1115592	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1169671	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1071477	CurrentTaxYearMinus1Year
Current Tax Year	1265000	CurrentTaxYear
Total	5770911	Total

Field	Value	IRS element (for citing)
Public Support Total170	5770911	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2553	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2130	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1130	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1298	CurrentTaxYearMinus1Year
Current Tax Year	598	CurrentTaxYear
Total	7709	Total

Field	Value	IRS element (for citing)
Total Support	5778620	TotalSupport
Gross Receipts From Admissions Etc	1987005	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.99870	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.99820	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

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)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtc
Beginning Balance	32881	BeginningBalance
Ending Balance	32881	EndingBalance
Included On FS	1	IncludedOnFS

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	200127	OtherCostOrOtherBasis
Book Value	200127	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6385372	OtherCostOrOtherBasis
Depreciation	4211018	Depreciation
Book Value	2174354	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	683230	OtherCostOrOtherBasis
Depreciation	486182	Depreciation
Book Value	197048	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2571529	TotalOfBookValueLandBuildings

Other Assets OtherAssets (4 entries)

DescriptionDescription	Book ValueBookValue
MORTGAGE ESCROW DEPOSIT	92065
RESERVE FOR REPLACEMENT & RESIDUAL RECEIPTS	643671
TENANT SECURITY DEPOSIT	33309
FINANCING FEES	96504

Field	Value	IRS element (for citing)
Total Book Value Other Assets	865549	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
RESIDENT SECURITY DEPOSIT	$31,875
PREPAID REVENUE	$8,092
TENANT DEPOSIT REFUND	$598

Field	Value	IRS element (for citing)
Total Of Amounts	40565	TotalOfAmounts
Total Revenue	1624894	TotalRevenue
Total Expenses	1579889	TotalExpenses
Excess Or Deficit For Year	45005	ExcessOrDeficitForYear
Excess Or Deficit Per FS	45005	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1642066	TotRevenueEtcAuditedFinclStmt
Other Revenues	17172	OtherRevenues
Revenue Not Rptd F990	17172	RevenueNotRptdF990
Revenue Subtotal	1624894	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1624894	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1597061	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	17172	OtherExpensesIncluded
Expenses Not Rptd F990	17172	ExpensesNotRptdF990
Expenses Subtotal	1579889	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1579889	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
PART IV, LINE 2B:	THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR RENTED UNITS
	RENT FREE UNIT REFLECTED IN TOTAL REVENUES PER AUDIT 17,172.	PART XII, LINE 2D - OTHER ADJUSTMENTS:
	RENT FREE UNIT REFLECTED IN TOTAL REVENUES & TOTAL EXPENSES PER AUDIT 17,172.	PART XIII, LINE 2D - OTHER ADJUSTMENTS:

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

Return ReferenceReturnReference	ExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 3	THE ORGANIZATION ENGAGES A REAL ESTATE PROPERTY MANAGEMENT COMPANY TO MANAGE THE PHYSICAL PROPERTY AND TO PERFORM BOOKKEEPING SERVICES. ADDITIONALLY THE BOARD HIRES AN EXECUTIVE DIRECTOR INDEPENDENT OF THE MANAGEMENT COMPANY WHO ALONG WITH HER STAFF (ALSO INDEPENDENT OF THE MANAGEMENT COMPANY), SUPERVISES THE DAY TO DAY OPERATIONS OF THE SITE.
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS REVIEWED BY BOTH THE MANAGEMENT AGENT AND THE EXECUTIVE DIRECTOR AND THE 1ST VICE PRESIDENT/CHAIR OF THE FINANCE COMMITTEE PRIOR TO FILING. ADDITIONALLY A COPY IS DISTRIBUTED TO ALL MEMBERS OF THE EXECUTIVE AND FINANCE COMMITTEE PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 15B	THE RESPONSIBILITIES OF THE TOP FINANCIAL MANAGER ARE ACCOMPLISHED THROUGH THE ENGAGEMENT OF A PROPERTY MANAGEMENT AGENT WHOSE FEE MUST BE APPROVED BY THE US DEPT OF HUD. THE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE ANNUALLY AS PART OF THE BUDGETTING PROCESS.
FORM 990, PART VI, SECTION C, LINE 19	FORM 990 IS AVAILABLE ON GUIDESTAR. FORM 1023 IS AVAILABLE UPON REQUEST.