BRIGHTON ALLSTON ELDERLY HOMES INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: BRIGHTON ALLSTON ELDERLY HOMES INC (EIN 04-2679926)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-08-12
IRS object ID: 201602259349302530
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-08-12T11:50:32-05:00	ReturnTs
Tax Period End	2015-12-31	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	2015-01-01	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	2016-07-14	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	2016-07-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-12-15 16:53:06Z	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	$1,648,888	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	$1,187,623	PYContributionsGrantsAmt
CY Contributions Grants	$1,182,948	CYContributionsGrantsAmt
PY Program Service Revenue	$400,016	PYProgramServiceRevenueAmt
CY Program Service Revenue	$430,256	CYProgramServiceRevenueAmt
PY Investment Income	$638	PYInvestmentIncomeAmt
CY Investment Income	$526	CYInvestmentIncomeAmt
PY Other Revenue	$15,632	PYOtherRevenueAmt
CY Other Revenue	$35,158	CYOtherRevenueAmt
PY Total Revenue	$1,603,909	PYTotalRevenueAmt
CY Total Revenue	$1,648,888	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	$1,465,287	PYOtherExpensesAmt
CY Other Expenses	$1,780,900	CYOtherExpensesAmt
PY Total Expenses	$1,465,287	PYTotalExpensesAmt
CY Total Expenses	$1,780,900	CYTotalExpensesAmt
PY Revenues Less Expenses	$138,622	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$132,012	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,146,803	TotalAssetsBOYAmt
Total Assets EOY	$3,169,377	TotalAssetsEOYAmt
Total Liabilities BOY	$4,147,684	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,302,270	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$1,000,881	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$1,132,893	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE AFFORDABLE RENTAL UNITS FOR ELDERLY AND HANDICAPPED PERSONS	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,780,900	ExpenseAmt
Revenue	$436,988	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	$1,780,900	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	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln 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	$323,268	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,182,948	GovernmentGrantsAmt
Total Contributions	$1,182,948	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	TENANT RENTAL INCOME	Desc
Business	531110	BusinessCd
Total Revenue Column	$430,256	TotalRevenueColumnAmt
Related Or Exempt Func Income	$430,256	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$430,256	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$526	TotalRevenueColumnAmt
Exclusion	$526	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	ExclusionExclusionAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CELL TOWER REVENUE	532000	$28,426	$28,426
LAUNDRY & OTHER INCOME	531110	$5,881		$5,881

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$851	TotalRevenueColumnAmt
Related Or Exempt Func Income	$851	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$35,158	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,648,888	TotalRevenueColumnAmt
Related Or Exempt Func Income	$436,988	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$28,952	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	$102,755	TotalAmt
Program Services	$102,755	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$126	TotalAmt
Program Services	$126	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$18,660	TotalAmt
Program Services	$18,660	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$228,587	TotalAmt
Program Services	$228,587	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$320	TotalAmt
Program Services	$320	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$61,026	TotalAmt
Program Services	$61,026	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$816,801	TotalAmt
Program Services	$816,801	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$169,790	TotalAmt
Program Services	$169,790	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$14,820	TotalAmt
Program Services	$14,820	ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
RECAPTURE OF RESIDUAL R	$179,887	$179,887
WRITE OFF UNAMORTIZED F	$151,226	$151,226
PREPAYMENT PENALTIES	$36,386	$36,386

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$516	TotalAmt
Program Services	$516	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,780,900	TotalAmt
Program Services	$1,780,900	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$289,963	BOYAmt
EOY	$127,776	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,435	BOYAmt
EOY	$119,010	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$49,180	BOYAmt
EOY	$64,280	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$4,742,922	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,922,568	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,943,884	BOYAmt
EOY	$1,820,354	EOYAmt

Intangible Assets IntangibleAssetsGrp

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

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$861,341	BOYAmt
EOY	$926,478	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,146,803	BOYAmt
EOY	$3,169,377	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$272,115	BOYAmt
EOY	$235,735	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,857	BOYAmt
EOY	$4,485	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$18,923	BOYAmt
EOY	$19,191	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,673,613	BOYAmt
EOY	$3,862,972	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$180,176	BOYAmt
EOY	$179,887	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,147,684	BOYAmt
EOY	$4,302,270	EOYAmt

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$1,000,881	BOYAmt
EOY	-$1,132,893	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$1,000,881	BOYAmt
EOY	-$1,132,893	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,146,803	BOYAmt
EOY	$3,169,377	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$132,012	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	$939,473	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,319,240	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,002,050	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,187,623	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,182,948	CurrentTaxYearAmt
Total	$5,631,334	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$253,288	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$254,567	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$566,574	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$400,016	CurrentTaxYearMinus1YearAmt
Current Tax Year	$430,256	CurrentTaxYearAmt
Total	$1,904,701	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,192,761	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,573,807	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,568,624	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,587,639	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,613,204	CurrentTaxYearAmt
Total	$7,536,035	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	$7,536,035	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,800	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,025	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$675	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$638	CurrentTaxYearMinus1YearAmt
Current Tax Year	$526	CurrentTaxYearAmt
Total	$4,664	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,800	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,025	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$675	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$638	CurrentTaxYearMinus1YearAmt
Current Tax Year	$526	CurrentTaxYearAmt
Total	$4,664	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,836	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,533	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,754	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,632	CurrentTaxYearMinus1YearAmt
Current Tax Year	$35,158	CurrentTaxYearAmt
Total	$67,913	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,200,397	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,580,365	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,575,053	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,603,909	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,648,888	CurrentTaxYearAmt
Total	$7,608,612	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99050	PublicSupportCY509Pct
Public Support PY509	0.99150	PublicSupportPY509Pct
Investment Income CY	0.00060	InvestmentIncomeCYPct
Investment Income PY	0.00090	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	$2,678,232	DepreciationAmt
Book Value	$850,931	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$496,545	OtherCostOrOtherBasisAmt
Depreciation	$100,528	DepreciationAmt
Book Value	$396,017	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$34,404	OtherCostOrOtherBasisAmt
Depreciation	$15,768	DepreciationAmt
Book Value	$18,636	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$426,489	OtherCostOrOtherBasisAmt
Depreciation	$128,040	DepreciationAmt
Book Value	$298,449	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,820,354	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (7 entries)

DescDesc	Book ValueBookValueAmt
TAX AND INSURANCE ESCROW	$189,805
RESERVE FOR REPLACEMENT	$618,855
TENANT SECURITY DEPOSIT ESCROW	$23,178
SPECIAL DEVELOPMENT ESCROW	$44,004
RESIDUAL RECEIPTS RESERVE	$19,766
MORTGAGE INSURANCE PREMIUM ESCROW	$7,550
REPAIR ESCROW - NON CRITICAL	$23,320

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$926,478	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	EXCESS PROJECT FUNDS	Desc
Amt	$179,887	Amt

Field	Value	IRS element (for citing)
Total Liability	$179,887	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$1,672,972	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$24,084	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$24,084	RevenueNotReportedAmt
Revenue Subtotal	$1,648,888	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,648,888	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,804,984	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$24,084	DonatedServicesUseFcltsAmt
Expenses Not Reported	$24,084	ExpensesNotReportedAmt
Expenses Subtotal	$1,780,900	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,780,900	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART IV, LINE 2B:

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.

PART X, LINE 2:

GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES OF AMERICA (GAAP) PRESCRIBE A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED DECEMBER 31, 2015, THE PROJECT HAS DETERMINED THAT IT HAS NOT TAKEN ANY TAX POSITIONS WHICH WOULD RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. THE CORPORATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.

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 $90,841, FOR THE YEAR ENDED DECEMBER 31, 2015 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, 2015, ADDITIONAL MANAGEMENT FEES OF $3,840 WERE INCURRED AND PAID.
FORM 990, PART VI, SECTION B, LINE 11	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 228,587. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 228,587.