Civic Intelligence

Shenandoah Fellowship Foundation

990 • Fiscal year 2019 • EIN 23-7195850

Jan 01, 2019 to Dec 31, 2019 • Filed on May 07, 2020

27 South Cameron StreetWinchester, VA 22601

(540) 667-4667

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

17th percentile

0.03x

Higher debt load relative to revenue than 17% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

91st percentile

48%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

38%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,700,998

Up $579,494 (+11%) from 2018

Net Assets

Up

$5,679,821

Up $579,624 (+11%) from 2018

Liabilities

Down

$21,177

Down $130 (-0.6%) from 2018

Revenue

Up

$786,670

Up $214,799 (+38%) from 2018

Expenses

Up

$405,746

Up $8,427 (+2.1%) from 2018

Net Income

Up

$380,924

Up $206,372 (+118%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $4,921,101Liabilities 2012: $778,355Net Assets 2012: $4,142,7462012Assets 2013: $5,076,874Liabilities 2013: $680,568Net Assets 2013: $4,396,3062013Assets 2014: $5,067,101Liabilities 2014: $553,985Net Assets 2014: $4,513,1162014Assets 2015: $5,017,321Liabilities 2015: $459,873Net Assets 2015: $4,557,4482015Assets 2016: $5,057,461Liabilities 2016: $303,218Net Assets 2016: $4,754,2432016Assets 2017: $5,207,731Liabilities 2017: $165,293Net Assets 2017: $5,042,4382017Assets 2018: $5,121,504Liabilities 2018: $21,307Net Assets 2018: $5,100,1972018Assets 2019: $5,700,998Liabilities 2019: $21,177Net Assets 2019: $5,679,8212019Assets 2020: $6,125,402Liabilities 2020: $24,383Net Assets 2020: $6,101,0192020Assets 2021: $6,654,473Liabilities 2021: $26,487Net Assets 2021: $6,627,9862021Assets 2022: $6,545,101Liabilities 2022: $48,594Net Assets 2022: $6,496,5072022Assets 2023: $6,927,796Liabilities 2023: $21,570Net Assets 2023: $6,906,2262023Assets 2024: $7,555,701Liabilities 2024: $39,890Net Assets 2024: $7,515,8112024

Highlighted filing

2019

Assets$5,700,998
Liabilities$21,177
Net Assets$5,679,821

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2012: $437,6922012Revenue 2013: $525,854Expenses 2013: $445,967Net Income 2013: $79,8872013Revenue 2014: $575,120Expenses 2014: $442,833Net Income 2014: $132,2872014Revenue 2015: $508,088Expenses 2015: $428,226Net Income 2015: $79,8622015Revenue 2016: $542,063Expenses 2016: $438,038Net Income 2016: $104,0252016Revenue 2017: $549,739Expenses 2017: $410,046Net Income 2017: $139,6932017Revenue 2018: $571,871Expenses 2018: $397,319Net Income 2018: $174,5522018Revenue 2019: $786,670Expenses 2019: $405,746Net Income 2019: $380,9242019Revenue 2020: $800,319Expenses 2020: $471,520Net Income 2020: $328,7992020Revenue 2021: $720,265Expenses 2021: $409,079Net Income 2021: $311,1862021Revenue 2022: $746,325Expenses 2022: $495,428Net Income 2022: $250,8972022Revenue 2023: $1,064,280Expenses 2023: $609,875Net Income 2023: $454,4052023Revenue 2024: $1,539,706Expenses 2024: $707,948Net Income 2024: $831,7582024

Highlighted filing

2019

Revenue$786,670
Expenses$405,746
Net Income$380,924
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 7, 2020
Return Version
2019v5.1
Gross Receipts
$792,878
Mission and Program Overview

Mission

To provide low cost rental housing for the elderly

Provide low cost rental housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,202,833$4,529,763▲ $326,930
Land, Buildings, and Equipment, Net$526,395$478,659▼ $47,736
Savings and Temporary Cash Investments$254,495$295,768▲ $41,273
Cash and Non-Interest-Bearing Accounts$119,683$255,621▲ $135,938
Accounts Receivable-$130,538-
Prepaid Expenses and Deferred Charges$18,098$10,649▼ $7,449
Total Assets$5,121,504$5,700,998▲ $579,494
Liabilities
Other Liabilities$21,297$21,177▼ $120
Accounts Payable and Accrued Expenses$10$0▼ $10
Total Liabilities$21,307$21,177▼ $130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,100,197$5,679,821▲ $579,624
Total Net Assets Fund Balance$5,100,197$5,679,821▲ $579,624
Total Liabilities and Net Assets / Fund Balance$5,121,504$5,700,998▲ $579,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$283,047$2,619,777$2,902,824
Equipment$45,099$156,994$202,093
Land$99,890-$99,890
Other Land Buildings$50,623-$50,623
Other Securities$50,177--
Compensation and Service Providers

Board Members and Trustees

NameTitle
David RayPresident
Dr Nelson Isenhower1st Vice President
Bob Boulter2nd Vice President
Darrin JonesTrustee
Jim SimpsonTrustee
Jim YoungbloodTrustee
John WinnTrustee
Lisa RectorTrustee
Lokie VoightTrustee
Michael EvansTrustee
Tom MccabeTrustee
Kate SimpsonSecretary
Kenneth O Happel JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$460,268
Program Service Revenue
$201,040
Investment Income
$122,062
Other Revenue
$3,300
Change in Net Assets
$380,924

Audited Revenue Reconciliation

Revenue per Audited Statements
$786,670
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$198,700
Total Revenue per Audited Statements
$985,370
Total Revenue per Form 990
$786,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,760
Salaries, Compensation, and Employee Benefits$132,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,691$37,214-$122,905
Depreciation Depletion$86,871--$86,871
Occupancy$47,099--$47,099
Insurance$27,871--$27,871
Fees for Services Accounting-$14,500-$14,500
Office Expenses$5,889$5,889-$11,778
Payroll Taxes$6,605$2,869-$9,474
Fees for Services Legal-$2,461-$2,461
Other Employee Benefits$423$184-$607
Other Expenses$477$3,892-$477
Advertising$37--$37
Total Functional Expenses$338,737$67,009$0$405,746

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$405,746
Total Expenses per Audited Statements$405,746
Total Expenses per Form 990$405,746
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Payable$21,177
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each church in the community has a representative which acts as a member.

Form 990, Part VI, Section A, Line 7A

Members elect the trustees.

Form 990, Part VI, Section A, Line 7B

Members approve the decisions of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 was reviewed and approved by the board of trustees before being filed.

Form 990, Part VI, Section B, Line 15

Executive committee determines compensation when developing the budget.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Shenandoah Fellowship Foundation
EIN
23-7195850
Phone
5406674667
Address
27 SOUTH CAMERON STREET, WINCHESTER, VA 22601

Signing Officer

Name
David Ray
Title
President
Phone
5406674667
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Ray
Formed
1972
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
14
Volunteers
0

Preparer

Firm
Yount Hyde & Barbour Pc
Address
50 S CAMERON STREET, WINCHESTER, VA 22604
Preparer
Olivia a Hutton CPA
Phone
5406623417
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IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRESIDENT
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IRS990/OtherLiabilitiesGrp/EOYAmt021177
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt037214
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt085691
IRS990/OtherSalariesAndWagesGrp/TotalAmt0122905
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02869
IRS990/PayrollTaxesGrp/ProgramServicesAmt06605
IRS990/PayrollTaxesGrp/TotalAmt09474
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018098
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010649
IRS990/PrincipalOfficerNm0DAVID RAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME - APT
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0196898
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0196898
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0293567
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073343
IRS990/PYOtherExpensesAmt0276564
IRS990/PYOtherRevenueAmt06600
IRS990/PYProgramServiceRevenueAmt0198361
IRS990/PYRevenuesLessExpensesAmt0174552
IRS990/PYSalariesCompEmpBnftPaidAmt0120755
IRS990/PYTotalExpensesAmt0397319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0571871
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0380924
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03300
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0201040
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0254495
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0295768
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0460268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0293567
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0296049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0298763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0285013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01633660
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0131570
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt065017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051117
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt044733
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0372534
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0983637
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81430
IRS990ScheduleA/PublicSupportPY170Pct00.83520
IRS990ScheduleA/PublicSupportTotal170Amt01633660
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0460268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0293567
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0296049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0298763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0285013
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01633660
IRS990ScheduleA/TotalSupportAmt02006194
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0283047
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02619777
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02902824
IRS990ScheduleD/EquipmentGrp/BookValueAmt045099
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156994
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0202093
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0405746
IRS990ScheduleD/LandGrp/BookValueAmt099890
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099890
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0198700
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt050623
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt010768
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11550879
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22917939
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt350177
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MONEY MARKET
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EQUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2GOVERNMENT AND AGENCY BONDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FIXED INCOME
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt0198700
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0786670
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0478659
IRS990ScheduleD/TotalBookValueSecuritiesAmt04529763
IRS990ScheduleD/TotalExpensesPerForm990Amt0405746
IRS990ScheduleD/TotalLiabilityAmt021177
IRS990ScheduleD/TotalRevenuePerForm990Amt0786670
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0985370
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0405746
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH CHURCH IN THE COMMUNITY HAS A REPRESENTATIVE WHICH ACTS AS A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE THE DECISIONS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE COMMITTEE DETERMINES COMPENSATION WHEN DEVELOPING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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