SAMARITAN HOUSING FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SAMARITAN HOUSING FOUNDATION INC (EIN 31-1644805)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201413189349100541
- Schema version
- 2013v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-14T10:37:42-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560747981 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311644805 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMARITAN HOUSING FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SAMA | BusinessNameControlTxt |
| Phone | 8662611814 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17001 SEARSTONE DRIVE | AddressLine1 |
| City | CARY | City |
| State | NC | State |
| ZIP Code | 27513 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SIGNING OFFICER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8662611814 | PhoneNum |
| Signature | 2014-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMY BIBBY | PreparerPersonNm |
| PTIN | P00445891 | PTIN |
| Phone | 8282542254 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $177,088,122 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,950 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $13,013 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $13,013 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $13,013 | InterestOnSavingsAdjNetIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Sales Less Ret And Allwnc | $4,603 | GrossSalesLessRetAndAllwncAmt |
| Gross Profit Rev And Expnss | $4,603 | GrossProfitRevAndExpnssAmt |
| Gross Profit Adj Net Incm | $4,603 | GrossProfitAdjNetIncmAmt |
| Other Income Rev And Expnss | $384,418 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $384,418 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $404,984 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $13,013 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $402,034 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $120,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $120,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $477,390 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $402,034 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $75,356 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $53,766 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $53,766 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $6,927 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,927 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,143 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $2,143 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $114,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $114,000 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $867,621 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $867,621 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $44,059 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $44,059 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $379,389 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $71,799 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $71,799 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $1,397 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,397 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $390,811 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $390,811 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,529,302 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $402,034 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,747,879 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $22,168 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $22,168 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,551,470 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $402,034 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,770,047 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,146,486 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $13,013 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $465,473 | CashBOYAmt |
| Cash EOY | $4,684,332 | CashEOYAmt |
| Cash EOYFMV | $4,684,332 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $2,918 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,918 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,797,940 | AcctRcvblAmt |
| Acct Rcvbl EOY | $1,797,940 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,797,940 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses EOY | $65,688 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $65,688 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $105,398,463 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $379,389 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $51,015,245 | LandBOYAmt |
| Land EOY | $105,019,074 | LandEOYAmt |
| Land EOYFMV | $105,019,074 | LandEOYFMVAmt |
| Other Assets BOY | $91,951,733 | OtherAssetsBOYAmt |
| Other Assets EOY | $65,518,170 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $65,518,170 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $143,432,451 | TotalAssetsBOYAmt |
| Total Assets EOY | $177,088,122 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $177,088,122 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $6,156,761 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $5,035,293 | AccountsPayableEOYAmt |
| Deferred Revenue EOY | $4,415,051 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $137,322,278 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $195,170,673 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $143,479,039 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $204,621,017 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | -$46,588 | UnrestrictedBOYAmt |
| Unrestricted EOY | -$27,532,895 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | -$46,588 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$27,532,895 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $143,432,451 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $177,088,122 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | -$46,588 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,146,486 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | -$2,193,074 | SubtotalAmt |
| Other Decreases | $25,339,821 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$27,532,895 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $46,588 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $0 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.000000 | DistributionYr1Rt |
| Total Distribution | 0.000000 | TotalDistributionRt |
| Average Distribution | 0.000000 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,410,828 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $0 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $130 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $130 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,770,047 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $130 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $130 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $130 | TaxBasedOnInvestmentIncomeAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Tax Due | $130 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | GA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.SEARSTONE.ORG | WebsiteAddressTxt |
| Individual With Books | WILLIAM MIZELLE | IndividualWithBooksNm |
| Phone | 9192340408 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 17001 SEARSTONE DR | AddressLine1 |
| City | CARY | City |
| State | NC | State |
| ZIP Code | 27513 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| STAN BRADING | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | PRESIDENT | 7.50 | $120,000 | $13,414 | $0 |
| REV LUTHER BREWER | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| MACK LEATH JR | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| REV JOHN NAGLE | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| THOMAS BEEBE | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| JAMES PIERCE CPA | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| CHUCK NORMAN | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| CHARLES H HENDERSON | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| LINDA D COLEMAN | ||||||||
| 1201 WEST PEACHTREE STREE | ATLANTA | GA | 30309 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GREENBRIER DEVELOPMENT | |||||
| 3232 MCKINNEY AVE STE 1160 | DALLAS | TX | 75204 | DEVELOPMENT MANAGER | $1,062,999 |
| SEARS FARM LLC | |||||
| 1142 EXECUTIVE CIR STE D | CARY | NC | 27511 | ARCHITECT | $255,210 |
| SEARSTONE-RLA | |||||
| 2304 WESVILL COURT STE 310 | RALEIGH | NC | 27607 | MANAGEMENT | $200,776 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | SAMARITAN HOUSING FOUNDATION, INC. D/B/A SEARSTONE RETIREMENT COMMUNITY (A DEVELOPMENT STAGE NOT-FOR-PROFIT ORGANIZATION) (THE "ORGANIZATION") IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED TO ACQUIRE REAL PROPERTY AND TO DEVELOP, MARKET AND OPERATE THE PROPERTY AS A CONTINUING CARE RETIREMENT COMMUNITY IN CARY, NORTH CAROLINA, KNOWN AS SEARSTONE RETIREMENT COMMUNITY (THE PROJECT). THE PROJECT CONSISTS OF 131 APARTMENTS, 38 ESTATE HOMES, 8 ASSISTED LIVING UNITS AND A NURSING FACILITY TO INCLUDE 16 SKILLED NURSING BEDS. THE PROJECT WILL ALSO FEATURE COMMON AREAS AS WELL AS A CLUBHOUSE, A SPA/WELLNESS CENTER WITH AN INDOOR POOL, A LIBRARY/BUSINESS CENTER, AN ARTS AND CRAFTS STUDIO, LIVING AREAS, A CLUB ROOM AND OTHER SPACES AS APPROPRIATE. THE FIRST UNITS ARE EXPECTED TO BE AVAILABLE FOR OCCUPANCY IN NOVEMBER 2013. | Description1Txt |
| Expenses1 | $2,551,470 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $65,325,580 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,576,362 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $67,901,942 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $46,165,061 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $21,736,881 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $326,053 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,410,828 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,070,541 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,770,047 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,770,047 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $130 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,769,917 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j5 | Yes (X) | Section4942j5Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Total | $0 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,770,047 | CurrentYearAmt |
| Year1 | $46,588 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $1,816,635 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,770,047 | CurrentYearAmt |
| Year1 | $46,588 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $1,816,635 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $713,694 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $713,694 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| LUTHERAN SERVICES CAROLINAS | |||||||
| PO BOX 947 | SALISBURY | NC | 281450947 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $21,168 |
| SEARSTONE ENDOWMENT FUND | |||||||
| 17001 SEARSTONE DRIVE | CARY | NC | 27513 | NONE | 501(C)(3) | OPERATIONAL SUPPORT | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $22,168 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Rev Part VII ProgramServiceRevPartVIIGrp (2 entries)
| DescDesc | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|
| PATIENT SERVICE REVENUE | $343,551 |
| AMORTIZATION OF ADVANCE FEES | $26,315 |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $13,013 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $4,603 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $14,552 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $32,168 | ExclusionAmt |
| Related Or Exempt Function Incm | $369,866 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $402,034 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | THE PROGRAM SERVICES REVENUES ARE THE PRIMARY MEANS BY WHICH THE ORGANIZATION ACCOMPLISHED ITS MISSION BY OPERATING THE CONTINUING CARE RETIREMENT COMMUNITY. | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $2,143 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,143 | DisbursementsCharitablePrpsAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $6,927 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $6,927 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| OTHER RECEIVABLES | $291,129 | $555,364 | $555,364 |
| DEFERRED MARKETING COSTS | $9,454,377 | $10,037,081 | $10,037,081 |
| DEFERRED FINANCING COSTS | $3,228,326 | $3,228,326 | $3,228,326 |
| ASSETS LIMITED AS TO USE | $78,977,901 | $51,673,258 | $51,673,258 |
| INTERCOMPANY RECEIVABLES | $24,141 | $24,141 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CHANGE IN FUTURE SERVICE OBLIGATION | Description |
| Amount | $25,339,821 | Amount |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ADVERTISING | $48,829 | $0 | $0 | $48,829 |
| OFFICE EXPENSE | $192,834 | $0 | $0 | $192,834 |
| INFOMATION TECHNOLOGY | $19,795 | $0 | $0 | $19,795 |
| CONFERENCES EXPENSE | $1,435 | $0 | $0 | $1,435 |
| INSURANCE | $20,944 | $0 | $0 | $20,944 |
| RESIDENT EXPENSE | $69,413 | $0 | $0 | $69,413 |
| MISCELLANEOUS | $37,561 | $0 | $0 | $37,561 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|
| PATIENT SERVICE REVENUE | $343,551 | $343,551 |
| AMORTIZATION OF ADVANCE FEES | $26,315 | $26,315 |
| MISCELLANEOUS INCOME | $14,552 | $14,552 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (7 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| RESIDENT DEPOSITS | $6,661,333 | $4,400,687 |
| DUE TO RELATED PARTY | $778,754 | $778,754 |
| BONDS PAYABLE | $117,400,516 | $117,514,691 |
| SUBORDINATE OBLIGATIONS | $10,481,675 | $10,040,075 |
| LIQUIDITY SUPPORT DEPOSITS | $2,000,000 | $2,026,440 |
| REFUNDABLE ADVANCE FEES | $0 | $35,070,205 |
| FUTURE SERVICE OBLIGATION | $0 | $25,339,821 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONTRACT SERVICES | CategoryTxt |
| Amt | $114,000 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $114,000 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $44,059 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $44,059 | DisbursementsCharitablePrpsAmt |
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