PRESERVATION HOUSING PARTNERS: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- PRESERVATION HOUSING PARTNERS (EIN 20-3708317)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-14
- IRS object ID
- 201233199349301443
- Schema version
- 2011v1.2
- 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) |
|---|---|---|
| Timestamp | 2012-11-14T09:13:01-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351750664 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAUBY O'CONNOR & ZALESKI LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203708317 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESERVATION HOUSING PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PRES | NameControl |
| Phone | 2489338560 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT S DIEDRICH | Name |
| Title | PRESIDENT | Title |
| Phone | 2489338560 | Phone |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NANCY MORTON | Name |
| PTIN | P00370064 | PTIN |
| Phone | 3178485700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT S DIEDRICH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 2166605 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, THE CORPORATION IS ORGANIZED TO CREATE AND PRESERVE AFFORDABLE HOUSING IN THE STATE OF MICHIGAN, AND IN ALL OTHER STATES WHERE THE CORPORATION IS AUTHORIZED TO TRANSACT BUSINESS, THROUGH THE CONSTRUCTION AND/OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW AND MODERATE INCOME TENANTS. IN PURSUANCE OF THESE PURPOSES, THE CORPORATION SHALL HAVE POWER AND AUTHORITY TO (A) CARRY ON ANY BUSINESS OR OTHER ACTIVITY THAT MAY BE LAWFULLY CONDUCTED BY A CORPORATION ORGANIZED UNDER THE MICHIGAN NONPROFIT CORPORATION ACT, AND (B) DO ALL THINGS NECESSARY, PROPER AND CONSISTENT WITH MAINTAINING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3). | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7265130 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1775803 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 285559 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 360139 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 152 | InvestmentIncomePriorYear |
| Investment Income Current Year | -168568 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3811 | OtherRevenuePriorYear |
| Other Revenue Current Year | 24779 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7554652 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1992153 | 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 | 80738 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 80738 | 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 | 51940 | OtherExpensePriorYear |
| Other Expenses Current Year | 2146679 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 132678 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2227417 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7421974 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -235264 | RevenuesLessExpensesCY |
| Total Assets BOY | 10553805 | TotalAssetsBOY |
| Total Assets EOY | 15781371 | TotalAssetsEOY |
| Total Liabilities BOY | 3131831 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 8616179 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7421974 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 7165192 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, THE CORPORATION IS ORGANIZED TO CREATE AND PRESERVE AFFORDABLE HOUSING IN THE STATE OF MICHIGAN, AND IN ALL OTHER STATES WHERE THE CORPORATION IS AUTHORIZED TO TRANSACT BUSINESS, THROUGH THE CONSTRUCTION AND/OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW AND MODERATE INCOME TENANTS. IN PURSUANCE OF THESE PURPOSES, THE CORPORATION SHALL HAVE POWER AND AUTHORITY TO (A) CARRY ON ANY BUSINESS OR OTHER ACTIVITY THAT MAY BE LAWFULLY CONDUCTED BY A CORPORATION ORGANIZED UNDER THE MICHIGAN NONPROFIT CORPORATION ACT, AND (B) DO ALL THINGS NECESSARY, PROPER AND CONSISTENT WITH MAINTAINING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3). | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1738763 | Expense |
| Revenue | 185687 | Revenue |
| Description | THE CORPORATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. SPECIFICALLY, THE CORPORATION IS ORGANIZED TO CREATE AND PRESERVE AFFORDABLE HOUSING IN THE STATE OF MICHIGAN, AND IN ALL OTHER STATES WHERE THE CORPORATION IS AUTHORIZED TO TRANSACT BUSINESS, THROUGH THE CONSTRUCTION AND/OR ACQUISITION AND REHABILITATION OF MULTIFAMILY RESIDENTIAL REAL ESTATE FOR VERY LOW, LOW AND MODERATE INCOME TENANTS. IN PURSUANCE OF THESE PURPOSES, THE CORPORATION SHALL HAVE POWER AND AUTHORITY TO (A) CARRY ON ANY BUSINESS OR OTHER ACTIVITY THAT MAY BE LAWFULLY CONDUCTED BY A CORPORATION ORGANIZED UNDER THE MICHIGAN NONPROFIT CORPORATION ACT, AND (B) DO ALL THINGS NECESSARY, PROPER AND CONSISTENT WITH MAINTAINING TAX-EXEMPT STATUS UNDER SECTION 501(C)(3). AS OF DECEMBER 31, 2011, THE CORPORATION HAS A 100% OWNERSHIP INTEREST IN SEVEN 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. | Description |
| Total Program Service Expense | 1738763 | 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 | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | 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 | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | 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 | 1 | DisregardedEntity |
| Related Entity | 1 | 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 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 3 | 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 | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | 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 | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT S DIEDRICH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2489338560 | TelephoneNumber |
Address US AddressUS
| 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 | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (5 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ROBERT S DIEDRICH | ||||||
| PRESIDENT/TREASURER | 40.00 | X | X | 75000 | 0 | 300000 |
| STEPHEN BUFFA | ||||||
| VICE PRESIDENT/SECRETARY | 0.20 | X | X | 0 | 0 | 0 |
| MICHAEL MULLIGAN | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| DANIEL COOPER | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| MICHAEL JEPSEN | ||||||
| DIRECTOR | 0.20 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 75000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 300000 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 1775803 | GovernmentGrants |
| Total Contributions | 1775803 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| RENTAL INCOME | 531110 | 354274 | 354274 |
| MANAGEMENT FEE INCOME | 531310 | 5865 | 5865 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 360139 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5884 | TotalRevenueColumn |
| Exclusion | $5,884 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 174452 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -174452 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -174452 | TotalRevenueColumn |
| Related Or Exempt Function Income | -174452 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| TENANT CHARGES | 531110 | 10266 | $10,266 |
| LAUNDRY & VENDING | 531110 | 8232 | $8,232 |
| MISCELLANEOUS INCOME | 531110 | 6281 | $6,281 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 24779 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1992153 | TotalRevenueColumn |
| Related Or Exempt Function Income | 185687 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $30,663 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75000 | Total |
| Management And General | 75000 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5738 | Total |
| Management And General | 5738 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150284 | Total |
| Management And General | 150284 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7465 | Total |
| Management And General | 7465 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27137 | Total |
| Management And General | 27137 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1678 | Total |
| Management And General | 1678 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90 | Total |
| Management And General | 90 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63730 | Total |
| Program Services | 63730 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 552 | Total |
| Program Services | 552 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1034276 | Total |
| Program Services | 1034276 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7911 | Total |
| Management And General | 7911 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1125 | Total |
| Management And General | 1125 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195926 | Total |
| Program Services | 17 | ProgramServices |
| Management And General | 195909 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319175 | Total |
| Program Services | 319175 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16282 | Total |
| Management And General | 16282 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| MANAGEMENT COMPANY EMPL | 305602 | 305602 | |
| BAD DEBTS | 14894 | 14894 | |
| SUPPORTIVE SERVICES | 491 | 491 | |
| MISCELLANEOUS EXPENSES | 35 | 35 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26 | Total |
| Program Services | 26 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2227417 | Total |
| Program Services | 1738763 | ProgramServices |
| Management And General | 488654 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 898 | BOY |
| EOY | 23987 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152048 | BOY |
| EOY | 399753 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5719 | BOY |
| EOY | 37626 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49820 | BOY |
| EOY | 92102 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 13840627 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 343934 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9480620 | BOY |
| EOY | 13496693 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 853202 | BOY |
| EOY | 1446019 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 139292 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11498 | BOY |
| EOY | 145899 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10553805 | BOY |
| EOY | 15781371 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24012 | BOY |
| EOY | 101029 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11026 | BOY |
| EOY | 1497 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 944720 | BOY |
| EOY | 1294841 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2119039 | BOY |
| EOY | 7012911 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33034 | BOY |
| EOY | 205901 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3131831 | BOY |
| EOY | 8616179 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7421974 | BOY |
| EOY | 7165192 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7421974 | BOY |
| EOY | 7165192 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10553805 | BOY |
| EOY | 15781371 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -235264 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -21518 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 7265130 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1775803 | CurrentTaxYear |
| Total | 9040933 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 285559 | CurrentTaxYearMinus1Year |
| Current Tax Year | 360139 | CurrentTaxYear |
| Total | 645698 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 7550689 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2135942 | CurrentTaxYear |
| Total | 9686631 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 9686631 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 152 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5884 | CurrentTaxYear |
| Total | 6036 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 152 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5884 | CurrentTaxYear |
| Total | 6036 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 3811 | CurrentTaxYearMinus1Year |
| Current Tax Year | 24779 | CurrentTaxYear |
| Total | 28590 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 7554652 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2166605 | CurrentTaxYear |
| Total | 9721257 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99640 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.99950 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00060 | InvestmentIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. | GeneralExplanation |
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
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1665390 | OtherCostOrOtherBasis |
| Book Value | 1665390 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10133713 | OtherCostOrOtherBasis |
| Depreciation | 180620 | Depreciation |
| Book Value | 9953093 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 24995 | OtherCostOrOtherBasis |
| Depreciation | 104 | Depreciation |
| Book Value | 24891 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2016529 | OtherCostOrOtherBasis |
| Depreciation | 163210 | Depreciation |
| Book Value | 1853319 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13496693 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ESCROW DEPOSITS | 201465 | C |
| RESERVE FOR REPLACEMENTS | 1244554 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 1446019 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| TENANT SECURITY DEPOSITS | $80,899 |
| INVESTMENT IN SURREY HILL LIMITED P | $94 |
| ACCRUED INTEREST ON RELATED PARTY L | $124,908 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 205901 | TotalOfAmounts |
| Total Revenue | 1992153 | TotalRevenue |
| Total Expenses | 2227417 | TotalExpenses |
| Excess Or Deficit For Year | -235264 | ExcessOrDeficitForYear |
| Prior Period Adjustments | -46106 | PriorPeriodAdjustments |
| Other | $24,588 | OtherAmount |
| Total Adjustments | -21518 | TotalAdjustments |
| Excess Or Deficit Per FS | -256782 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2166605 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 174452 | OtherRevenues |
| Revenue Not Rptd F990 | 174452 | RevenueNotRptdF990 |
| Revenue Subtotal | 1992153 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 1992153 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2511854 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 284467 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 284467 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2227387 | ExpensesSubtotal |
| Other Expenses Not Included | 30 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 30 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2227417 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | BOOK/TAX DIFFERENCE IN DEPRECIABLE ASSET BASIS 24,588. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | TAX LOSS ON DISPOSITION 174,452. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | BOOK / TAX DIFFERENCE IN DEPRECIATION EXPENSE 110,250. BOOK LOSS ON DISPOSITION 174,217. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | BOOK/TAX DIFFERENCE IN INVESTMENT IN SURREY HILL 30. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ROBERT S DIEDRICH | NamePerson |
| Base Compensation Filing Org | 75000 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 300000 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 375000 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | THE AMOUNT REPORTED FOR DEFERRED COMPENSATION RELATES TO FOUR YEARS WORTH OF AN ANNUAL SALARY DUE IN ARREARS TO ROBERT S. DIEDRICH. THE AMOUNT HAS NOT BEEN ACCRUED BY THE ENTITY AND IS BEING REPORTED OFF OF THE BALANCE SHEET. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (3 entries)
| Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| ROBERT S DIEDRICH | ||||||
| WORKING CAPITAL LOAN | X | $354,841 | 354841 | 0 | 1 | 1 |
| NEMO MULTIFAMILY CAPITAL LLC | ||||||
| PROMISSORY NOTE | X | $470,000 | 470000 | 0 | 1 | 1 |
| OMNI MULTIFAMILY CAPITAL LLC | ||||||
| PROMISSORY NOTE | X | $470,000 | 470000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 1294841 | TotalBalanceDue |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FORM 990, SCHEDULE L, PART II | Identifier |
| Return Reference | LOANS TO AND FROM INTERESTED PERSONS | ReturnReference |
| Explanation | 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. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (18 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 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 THE 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. | AVERAGE NUMBER OF HOURS WORKED |
| FORM 990, PART XI, LINE 5: | PRIOR PERIOD ADJUSTMENTS: -46,106. BOOK/TAX DIFFERENCE IN DEPRECIABLE ASSET BASIS 24,588. TOTAL TO FORM 990, PART XI, LINE 5: -21,518. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| 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. | OVERSIGHT OF AUDITING FUNCTION |
| FORM 990, PART XI, LINE 5: | DURING THE 2011 AUDIT, ADJUSTMENTS WERE MADE TO THE BEGINNING EQUITY BALANCES FOR THE FOLLOWING ADJUSTMENTS: PY MANAGEMENT FEE ADJUSTMENT: 38,676 WORKING CAPITAL LOAN: ( 2,313) HERITAGE PY INTEREST INCOME: 1,083 LYNNHAVEN PY INTEREST INCOME: 2,377 HERITAGE/ORANGE PY INTEREST: 5,453 PY ELIMINATION NET INCOME: 829 TOTAL: 46,106 IN ADDITION TO THE ABOVE PRIOR PERIOD ADJUSTMENT, THERE IS ALSO AN ADJUSTMENT FOR BOOK/TAX ADJUSTMENT FOR FIXED ASSETS IN THE AMOUNT OF $24,588. | OTHER CHANGES IN NET ASSETS |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|
| PHP HERITAGE HOUSE LIMITED PARTNERSHIP | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272051437 | RENTAL REAL ESTATE | PA | 500151 | 2570372 | N/A |
| PHP ORANGE VILLAGE LIMITED PARTNERSHIP | |||||||||
| 4415 FIFTH AVENUE | PITTSBURGH | PA | 15213 | 272051689 | RENTAL REAL ESTATE | PA | 637298 | 2278889 | N/A |
| QNP GATEWAY VILLAGE LLC | |||||||||
| 1415 OLD MILL CIRCLE | WINSTON SALEM | NC | 27103 | 272122379 | RENTAL REAL ESTATE | NC | 450891 | 2508666 | N/A |
| QNP LYNNHAVEN LLC | |||||||||
| 1415 OLD MILL CIRCLE | WINSTON SALEM | NC | 27103 | 272122535 | RENTAL REAL ESTATE | NC | 571117 | 3308646 | 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 | 0 | 1209799 | N/A |
| PHP NORTHWOODS LLC | |||||||||
| 601 NORTH TIMBERLY LANE | BURGAW | NC | 28425 | 452620260 | RENTAL REAL ESTATE | NC | 0 | 1974411 | N/A |
| PHP PINEWOOD LLC | |||||||||
| 400 PONDEROSA DRIVE | DUNN | NC | 28334 | 452620382 | RENTAL REAL ESTATE | NC | 0 | 1840975 | N/A |
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SURREY HILL LIMITED PARTNERSHIP | BusinessNameLine1 |
Address US AddressUS
| 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 Activity | RENTAL REAL ESTATE | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | -26 | ShareOfTotalIncome |
| Share Of EOY Assets | 695 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 1 | GeneralOrManagingPartner |
| Percentage Ownership | 0.00010 | PercentageOwnership |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHP-SURREY HILL INC | BusinessNameLine1 |
Address US AddressUS
| 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 Activity | RENTAL REAL ESTATE INVESTMENT | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRESERVATION HOUSING PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -26 | ShareOfTotalIncome |
| Share Of EOY Assets | -94 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |