BRIGHTON ALLSTON ELDERLY HOMES INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: BRIGHTON ALLSTON ELDERLY HOMES INC (EIN 04-2679926)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-10-30
IRS object ID: 201713039349300636
Schema version: 2016v3.0
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-10-30T11:43:56-05:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	043097400	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KEVIN P MARTIN ASSOCIATES PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	10 FORBES WEST	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	042679926	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIGHTON ALLSTON ELDERLY HOMES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BRIG	BusinessNameControlTxt
Phone	7818490011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O CORCORAN MGMT 100 GRANDVIEW RD	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KAREN SMITH	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7818490011	PhoneNum
Signature	2017-10-11	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JOLANTA TUCK CPA	PreparerPersonNm
PTIN	P01340068	PTIN
Phone	7813803520	PhoneNum
Preparation	2017-10-11	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	72.93.210.10	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-10-11	IPDt
IP Tm	13:30:41	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	0008D4A23B6D6EC2EF50B674881025AF20BAB983	AtSubmissionCreationDeviceId
At Submission Filing Device Id	2BEFDC6BDC96FAE587A5D8EE1472B3DB0E40ACA5	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	KAREN SMITH	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	59 ALDIE ST	AddressLine1Txt
City	ALLSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02134	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$1,663,526	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1978	FormationYr
Legal Domicile State	MA	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE EIGHTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,182,948	PYContributionsGrantsAmt
CY Contributions Grants	$1,208,040	CYContributionsGrantsAmt
PY Program Service Revenue	$430,256	PYProgramServiceRevenueAmt
CY Program Service Revenue	$448,474	CYProgramServiceRevenueAmt
PY Investment Income	$526	PYInvestmentIncomeAmt
CY Investment Income	$516	CYInvestmentIncomeAmt
PY Other Revenue	$35,158	PYOtherRevenueAmt
CY Other Revenue	$6,496	CYOtherRevenueAmt
PY Total Revenue	$1,648,888	PYTotalRevenueAmt
CY Total Revenue	$1,663,526	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	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,780,900	PYOtherExpensesAmt
CY Other Expenses	$1,422,155	CYOtherExpensesAmt
PY Total Expenses	$1,780,900	PYTotalExpensesAmt
CY Total Expenses	$1,422,155	CYTotalExpensesAmt
PY Revenues Less Expenses	-$132,012	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$241,371	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,169,377	TotalAssetsBOYAmt
Total Assets EOY	$2,916,985	TotalAssetsEOYAmt
Total Liabilities BOY	$4,302,270	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,808,507	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$1,132,893	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$891,522	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE AFFORDABLE RENTAL UNITS FOR ELDERLY AND HANDICAPPED PERSONS	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,422,155	ExpenseAmt
Revenue	$454,970	RevenueAmt
Desc	PROVIDED EIGHTY RENTAL UNITS OF HOUSING ON A NON-PROFIT BASIS FOR ELDERLY OR HANDICAPPED PERSONS TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS	Desc
Total Program Service Expenses	$1,422,155	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	Yes (1)	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln 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	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	0	ConflictOfInterestPolicyInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CORCORAN MANAGEMENT CO INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7818490014	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 GRANDVIEW ROAD SUITE 207	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
KAREN SMITH
PRESIDENT	1.00	Yes (X)	Yes (X)	$0	$0	$0
WILLIAM CORRIGAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JANE MCHALE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MARY DOLAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ROBERT MARSHALL
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
JAMES GIBBONS
CLERK	1.00	Yes (X)	Yes (X)	$0	$0	$0
DAVID MCNAIR
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ANTHONY D'ISIDORO
DIRECTOR	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CORCORAN MANAGEMENT COMPANY	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 GRANDVIEW ROAD SUITE 207	AddressLine1Txt
City	BRAINTREE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02184	ZIPCd

Field	Value	IRS element (for citing)
Services	MANAGEMENT SERVICES	ServicesDesc
Compensation	$318,726	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,208,040	GovernmentGrantsAmt
Total Contributions	$1,208,040	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	TENANT RENTAL INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$448,474	TotalRevenueColumnAmt
Related Or Exempt Func Income	$448,474	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$448,474	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$516	TotalRevenueColumnAmt
Exclusion	$516	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	LAUNDRY & OTHER INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$6,478	TotalRevenueColumnAmt
Related Or Exempt Func Income	$6,478	RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$18	TotalRevenueColumnAmt
Related Or Exempt Func Income	$18	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$6,496	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,663,526	TotalRevenueColumnAmt
Related Or Exempt Func Income	$454,970	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$516	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$100,776	TotalAmt
Program Services	$100,776	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,637	TotalAmt
Program Services	$2,637	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$19,090	TotalAmt
Program Services	$19,090	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$223,414	TotalAmt
Program Services	$223,414	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$314	TotalAmt
Program Services	$314	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$64,972	TotalAmt
Program Services	$64,972	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$738,567	TotalAmt
Program Services	$738,567	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$174,586	TotalAmt
Program Services	$174,586	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,757	TotalAmt
Program Services	$14,757	ProgramServicesAmt

Other Expenses OtherExpensesGrp

Field	Value	IRS element (for citing)
Desc	RECAPTURE OF RESIDUAL R	Desc
Total	$82,637	TotalAmt
Program Services	$82,637	ProgramServicesAmt

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$405	TotalAmt
Program Services	$405	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,422,155	TotalAmt
Program Services	$1,422,155	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$127,776	BOYAmt
EOY	$135,391	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$119,010	BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$64,280	BOYAmt
EOY	$58,176	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$4,826,719	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,097,154	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,820,354	BOYAmt
EOY	$1,729,565	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$111,479	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$926,478	BOYAmt
EOY	$993,853	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,169,377	BOYAmt
EOY	$2,916,985	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$235,735	BOYAmt
EOY	$230,014	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$4,485	BOYAmt
EOY	$3,793	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$19,191	BOYAmt
EOY	$19,840	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,862,972	BOYAmt
EOY	$3,472,232	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$179,887	BOYAmt
EOY	$82,628	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,302,270	BOYAmt
EOY	$3,808,507	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$1,132,893	BOYAmt
EOY	-$891,522	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$1,132,893	BOYAmt
EOY	-$891,522	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,169,377	BOYAmt
EOY	$2,916,985	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$241,371	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,319,240	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,002,050	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,187,623	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,182,948	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,208,040	CurrentTaxYearAmt
Total	$5,899,901	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$254,567	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$566,574	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$400,016	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$430,256	CurrentTaxYearMinus1YearAmt
Current Tax Year	$448,474	CurrentTaxYearAmt
Total	$2,099,887	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,573,807	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,568,624	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,587,639	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,613,204	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,656,514	CurrentTaxYearAmt
Total	$7,999,788	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	$7,999,788	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,025	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$675	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$638	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$526	CurrentTaxYearMinus1YearAmt
Current Tax Year	$516	CurrentTaxYearAmt
Total	$3,380	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,025	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$675	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$638	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$526	CurrentTaxYearMinus1YearAmt
Current Tax Year	$516	CurrentTaxYearAmt
Total	$3,380	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,533	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,754	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$15,632	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$35,158	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,496	CurrentTaxYearAmt
Total	$68,573	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,580,365	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,575,053	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,603,909	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,648,888	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,663,526	CurrentTaxYearAmt
Total	$8,071,741	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99110	PublicSupportCY509Pct
Public Support PY509	0.99050	PublicSupportPY509Pct
Investment Income CY	0.00040	InvestmentIncomeCYPct
Investment Income PY	0.00060	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

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

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	Yes (1)	InclEscrowCustodialAcctLiabInd
Explanation Provided	Yes (X)	ExplanationProvidedInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$256,321	OtherCostOrOtherBasisAmt
Book Value	$256,321	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,529,163	OtherCostOrOtherBasisAmt
Depreciation	$2,757,451	DepreciationAmt
Book Value	$771,712	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$513,235	OtherCostOrOtherBasisAmt
Depreciation	$123,293	DepreciationAmt
Book Value	$389,942	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$34,404	OtherCostOrOtherBasisAmt
Depreciation	$22,650	DepreciationAmt
Book Value	$11,754	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$493,596	OtherCostOrOtherBasisAmt
Depreciation	$193,760	DepreciationAmt
Book Value	$299,836	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,729,565	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (6 entries)

DescDesc	Book ValueBookValueAmt
TAX AND INSURANCE ESCROW	$197,266
RESERVE FOR REPLACEMENT	$702,488
TENANT SECURITY DEPOSIT ESCROW	$23,182
SPECIAL DEVELOPMENT ESCROW	$44,162
RESIDUAL RECEIPTS RESERVE	$19,766
MORTGAGE INSURANCE PREMIUM ESCROW	$6,989

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$993,853	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	RESIDUAL RECEIPTS PAYABLE	Desc
Amt	$82,628	Amt

Field	Value	IRS element (for citing)
Total Liability	$82,628	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$1,688,090	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$24,564	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$24,564	RevenueNotReportedAmt
Revenue Subtotal	$1,663,526	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,663,526	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,446,719	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$24,564	DonatedServicesUseFcltsAmt
Expenses Not Reported	$24,564	ExpensesNotReportedAmt
Expenses Subtotal	$1,422,155	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,422,155	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART IV, LINE 2B:	FormAndLineReferenceDesc
Explanation	THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	THE CORPORATION INCURRED A MANAGEMENT FEE OF $91,472, FOR THE YEAR ENDED DECEMBER 31, 2016 DUE TO CORCORAN MANAGEMENT COMPANY. THE MANAGEMENT FEE IS EQUAL TO 5.5% OF TOTAL GROSS COLLECTIONS. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY HUD, THE CORPORATION, OR THE CORCORAN MANAGEMENT COMPANY. AS APPROVED BY HUD, ADDITIONAL MANAGEMENT FEES WERE INCURRED PER THE BETTER BUILDING CHALLENGE PROGRAM, EFFECTIVE JUNE 2014. THE ADDITIONAL FEES ARE EQUAL TO $4 PER UNIT PER MONTH. DURING THE YEAR ENDED DECEMBER 31, 2016, ADDITIONAL MANAGEMENT FEES OF $3,840 WERE INCURRED AND PAID.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT BEFORE IT IS SIGNED
FORM 990, PART VI, SECTION C, LINE 18	UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES RELATED TO CONFLICTS OF INTEREST, WHISTLEBLOWER PROTECTION OR DOCUMENT RETENTION AND DESTRUCTION.
FORM 990, PART IX, LINE 11G	MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 223,414. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,414.