ENTERPRISE HOUSING - CEDAR COMMONS INC

Address
833 WEST MAIN STREET
CARMEL, IN 46032
Contact
Phone: +1 (317) 574-4700
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 35-1873035

Mission

ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
 20162015201420132012
Basic features of the organization
Year of formation1982
Metropolitan statistical area3480
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$38,333.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors000  
Personnel
Brown, Joseph
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personJOSEPH BROWNJOSEPH BROWNJOSEPH BROWNJOSEPH BROWNJOSEPH BROWN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs7.007.007.007.00 
Collins, Mark
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personMARK COLLINSMARK COLLINSMARK COLLINSMARK COLLINSMARK COLLINS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$4,250.00$0.00$0.00$0.00
Average hours per week working for related orgs7.007.007.007.00 
Peters, Hugh
TitlePRESIDENT/TREASURERPRESIDENT/TREASURERPRESIDENT/TREASURERPRESIDENT/TREASURERPRESIDENT/TREASURER
Name of key/compensated personHUGH PETERSHUGH PETERSHUGH PETERSHUGH PETERSHUGH PETERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.0010.00
Reportable compensation from org$38,333.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$21,500.00$21,500.00$19,500.00$19,500.00
Average hours per week working for related orgs35.0035.0035.0035.00 
Thomas, Donna
TitleSECRETARYSECRETARYSECRETARYSECRETARYSECRETARY
Name of key/compensated personDONNA THOMASDONNA THOMASDONNA THOMASDONNA THOMASDONNA THOMAS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs7.007.007.007.00 
Wright, Pam
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personPAM WRIGHTPAM WRIGHTPAM WRIGHTPAM WRIGHTPAM WRIGHT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs7.007.007.007.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Program service expenses, total$482,046.00$421,090.00$450,378.00$628,294.00$419,067.00
Programs, including revenue & expenses
ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Program expenses$482,046.00$421,090.00$450,378.00$628,294.00$419,067.00
Grants and allocations made$80,565.00    
Program revenue$235,156.00$202,368.00$212,882.00$398,718.00$170,752.00
Program descriptionENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.ENTERPRISE HOUSING - CEDAR COMMONS, INC., AN INDIANA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO ACQUIRE, OWN, AND OPERATE A 74 UNIT APARTMENT COMMUNITY IN INDIANAPOLIS, INDIANA, KNOWN AS CEDAR COMMONS, PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
Financial data
Revenue
Total revenue$524,033.00$622,572.00$618,315.00$615,017.00$718,093.00
Revenue from contributions (total)$274,086.00$405,242.00$390,348.00$200,444.00$446,706.00
Investment income, current yr$58,018.00$3,644.00$696.00$722.00$801.00
Total revenue from grants, etc., current yr$274,086.00$405,242.00$390,348.00$200,444.00$446,706.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$14,251.00$14,318.00$14,389.00$15,133.00$99,834.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$177,678.00$199,368.00$212,882.00$398,718.00$170,752.00
Gross receipts$2,030,991.00$622,572.00$618,315.00$615,017.00$718,093.00
Sources of contributions
Revenue from gov't grants$274,086.00$405,242.00$390,348.00$200,444.00$446,706.00
Other types of revenue
Miscellaneous revenue (total)$14,251.00$14,318.00$14,389.00$15,133.00$99,834.00
Income from dividends, interest, and similar investments$540.00$644.00$696.00$722.00$801.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$618,124.00$579,368.00$604,262.00$780,274.00$568,756.00
Total functional expenses: program service $482,046.00$421,090.00$450,378.00$628,294.00$419,067.00
Total functional expenses: management and general$136,078.00$158,278.00$153,884.00$151,980.00$149,689.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total) $1,586.00$613.00 $1,080.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$37,391.00$49,970.00$49,750.00$49,491.00$50,036.00
Assets and liabilities
Total assets$0.00$2,278,424.00$2,249,807.00$2,277,182.00$2,476,942.00
Total assets, beginning of year$2,278,424.00$2,249,807.00$2,277,182.00$2,476,942.00$2,419,689.00
Total liabilities$0.00$2,184,333.00$2,198,920.00$2,240,348.00$2,274,851.00
Total liabilities, beginning of year$2,184,333.00$2,198,920.00$2,240,348.00$2,274,851.00$2,366,935.00
Pledges & accounts receivable, net$0.00    
Loans & receivables from key persons$0.00    
Unrestricted net assets, end of yr$0.00$94,091.00$50,887.00$36,834.00$202,091.00
Net assets$0.00$94,091.00$50,887.00$36,834.00$202,091.00
Net assets, beginning of year$94,091.00$50,887.00$36,834.00$202,091.00$52,754.00
Other liabilities$0.00$61,444.00$30,150.00$33,140.00$32,340.00
Intangible assets$0.00$64,128.00$66,579.00$66,981.00$69,359.00
Other assets$0.00$60,094.00$58,281.00$56,282.00$52,280.00
Investments: other securities$0.00    
Investments: publicly traded securities$0.00    
Cash: non-interest bearing$0.00$45,614.00$21,429.00$52,760.00$73,449.00
Cash: non-interest bearing, beginning of year$45,614.00$21,429.00$52,760.00$73,449.00$27,727.00
Investments -- program-related$0.00$556,593.00$535,598.00$515,068.00$670,637.00
Inventories for sale or use$0.00    
Other financial variables
Revenue less expenses-$94,091.00$43,204.00$14,053.00-$165,257.00$149,337.00
Advertising (total)$4,919.00$6,536.00$7,698.00$9,478.00$7,812.00
Savings & temp cash investment$0.00    
Accounts receivable, net$0.00$140.00$192.00$0.00$1.00
Prepaid expenses & deferred charges$0.00$6,681.00$7,358.00$6,813.00$6,266.00
Accounts payable & accrued expenses$0.00$5,942.00$10,358.00$17,749.00$24,182.00
Deferred revenue$0.00$2,043.00$3,010.00$4,068.00$5,356.00
Secured mortgages and notes payable$0.00$2,114,904.00$2,155,402.00$2,185,391.00$2,212,973.00
Total net assets or fund balances$0.00$94,091.00$50,887.00$36,834.00$202,091.00
Depreciation, depletion, amortization$127,208.00$73,201.00$70,842.00$72,324.00$78,856.00
Governance and accountability
Number of voting members55555
Number of independent voting members43444
Financial sheets auditedTrueTrueTrueTrueTrue
Discontinued or disposed >25% of net assetsTrue    
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2015-07-012014-07-012013-07-012012-07-012011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrue    
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
First filing   True 
Final return / terminatedTrue    
Date e-filing submitted2017-06-282015-10-062014-10-162013-10-252012-10-18
IRS schema version2015v3.02014v5.02013v3.02012v2.12011v1.2
Filing identifier201700129349300200201522389349300202201412699349300101201312469349300251201242839349300459
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