Civic Intelligence

Better Homes of Seaford Inc.

990 • Fiscal year 2019 • EIN 23-7353267

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

101 Independence DrSeaford, DE 19973

(302) 629-8048

Siviq Scores

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

Liabilities / Assets

66th percentile

0.31x

Higher debt load relative to assets than 66% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

6.67x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

13th percentile

-20%

Higher net margin than 13% 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

31st percentile

-1.4%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Down

$5,198,887

Down $73,552 (-1.4%) from 2018

Net Assets

Down

$3,561,415

Down $48,241 (-1.3%) from 2018

Liabilities

Down

$1,637,472

Down $25,311 (-1.5%) from 2018

Revenue

Up

$245,360

Up $34,025 (+16%) from 2018

Expenses

Up

$293,601

Up $8,499 (+3.0%) from 2018

Net Income

Up

-$48,241

Up $25,526 (+35%) 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$0-$2.0MAssets 2010: $5,545,042Liabilities 2010: $2,791,053Net Assets 2010: $2,753,9892010Assets 2011: $4,570,489Liabilities 2011: $4,801,195Net Assets 2011: -$230,7062011Assets 2012: $2,837,853Liabilities 2012: $2,790,314Net Assets 2012: $47,5392012Assets 2013: $4,937,422Liabilities 2013: $5,113,271Net Assets 2013: -$175,8492013Assets 2014: $3,234,761Liabilities 2014: $3,066,532Net Assets 2014: $168,2292014Assets 2015: $2,332,540Liabilities 2015: $1,630,100Net Assets 2015: $702,4402015Assets 2016: $2,505,048Liabilities 2016: $1,713,905Net Assets 2016: $791,1432016Assets 2017: $5,325,430Liabilities 2017: $1,642,006Net Assets 2017: $3,683,4242017Assets 2018: $5,272,439Liabilities 2018: $1,662,783Net Assets 2018: $3,609,6562018Assets 2019: $5,198,887Liabilities 2019: $1,637,472Net Assets 2019: $3,561,4152019Assets 2020: $5,252,279Liabilities 2020: $1,647,567Net Assets 2020: $3,604,7122020Assets 2021: $6,053,595Liabilities 2021: $2,302,286Net Assets 2021: $3,751,3092021Assets 2022: $6,251,001Liabilities 2022: $2,595,242Net Assets 2022: $3,655,7592022Assets 2023: $5,999,550Liabilities 2023: $2,375,302Net Assets 2023: $3,624,2482023Assets 2024: $5,899,954Liabilities 2024: $2,304,791Net Assets 2024: $3,595,1632024

Highlighted filing

2019

Assets$5,198,887
Liabilities$1,637,472
Net Assets$3,561,415

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $454,4272010Expenses 2011: $617,7782011Expenses 2012: $368,7012012Revenue 2013: $476,470Expenses 2013: $699,858Net Income 2013: -$223,3882013Revenue 2014: $410,786Expenses 2014: $518,543Net Income 2014: -$107,7572014Revenue 2015: $323,189Expenses 2015: $413,231Net Income 2015: -$90,0422015Revenue 2016: $462,102Expenses 2016: $373,399Net Income 2016: $88,7032016Revenue 2017: $418,505Expenses 2017: $304,105Net Income 2017: $114,4002017Revenue 2018: $211,335Expenses 2018: $285,102Net Income 2018: -$73,7672018Revenue 2019: $245,360Expenses 2019: $293,601Net Income 2019: -$48,2412019Revenue 2020: $336,911Expenses 2020: $293,614Net Income 2020: $43,2972020Revenue 2021: $620,997Expenses 2021: $474,400Net Income 2021: $146,5972021Revenue 2022: $193,841Expenses 2022: $289,391Net Income 2022: -$95,5502022Revenue 2023: $279,061Expenses 2023: $292,230Net Income 2023: -$13,1692023Revenue 2024: $269,802Expenses 2024: $298,569Net Income 2024: -$28,7672024

Highlighted filing

2019

Revenue$245,360
Expenses$293,601
Net Income-$48,241
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.0
Gross Receipts
$245,360
Mission and Program Overview

Mission

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,790,142$2,815,670▲ $25,528
Land, Buildings, and Equipment, Net$1,421,213$1,379,906▼ $41,307
Cash and Non-Interest-Bearing Accounts$127,858$226,837▲ $98,979
Accounts Receivable$289,545$195,220▼ $94,325
Pledges and Grants Receivable$39,198$44,293▲ $5,095
Savings and Temporary Cash Investments$14,342$14,584▲ $242
Prepaid Expenses and Deferred Charges$181$190▲ $9
Total Assets$5,272,439$5,198,887▼ $73,552
Other Assets Total$589,960$522,187▼ $67,773
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,193,151$1,187,118▼ $6,033
Deferred Revenue$232,349$229,795▼ $2,554
Other Liabilities$204,585$213,619▲ $9,034
Accounts Payable and Accrued Expenses$32,698$6,940▼ $25,758
Total Liabilities$1,662,783$1,637,472▼ $25,311
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,556,116$3,502,538▼ $53,578
Net Assets With Donor Restrictions$53,540$58,877▲ $5,337
Total Net Assets Fund Balance$3,609,656$3,561,415▼ $48,241
Total Liabilities and Net Assets / Fund Balance$5,272,439$5,198,887▼ $73,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$945,376$558,197$1,503,573
Land$434,530-$434,530
Investment Program Related Org$349,031--
Other Assets Org$6,402--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Norman PoolePresident
Clementine ParkerDirector
Cliffonia GainesDirector
Fran RuarkDirector
Kathy YoungDirector
Shirely CaldwellDirector
Jane SmackSecretary
Veronica F HallTreasurer
Ron RussellVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$73,460
Program Service Revenue
$146,552
Investment Income
$26,382
Other Revenue
$-1,034
Change in Net Assets
$-48,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,824
Salaries, Compensation, and Employee Benefits$116,777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,372$9,597-$95,969
Depreciation Depletion$37,114$4,838-$41,952
Fees for Services Accounting$26,325$2,925-$29,250
Interest$29,231--$29,231
Occupancy$20,556--$20,556
Insurance$10,764$1,196-$11,960
Office Expenses$9,040$1,004-$10,044
Pension Plan Contributions$8,280$920-$9,200
Fees for Services Management$8,316--$8,316
Payroll Taxes$7,011$779-$7,790
Other Employee Benefits$3,436$382-$3,818
Conferences and Meetings-$1,276-$1,276
Advertising-$725-$725
Travel$560$155-$715
Other Expenses$495$55-$550
Total Functional Expenses$269,399$24,202$0$293,601
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
Accrued Interest$207,217
Tenant Security Deposits$6,402
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided for review by board members at a board meeting.

Form 990, Page 6, Part VI, Line 15A

Compensation is determined by the board of directors on an annual basis.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Better Homes of Seaford Inc
EIN
23-7353267
Phone
3026298048
Address
101 INDEPENDENCE DR, SEAFORD, DE 19973

Signing Officer

Name
Norman Poole
Title
President
Phone
3026298048
Signed
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norman Poole
Formed
1973
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
20

Preparer

Firm
Lank Johnson & Tull Cpas
Address
521 N MARKET ST EXT, SEAFORD, DE 19973
Preparer
Richard L Tull CPA
Phone
3026299543
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$2.30$3.60$0.27$0.30$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$2.38$3.62$0.28$0.29$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$2.60$3.66$0.19$0.29$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$2.30$3.75$0.62$0.47$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$1.65$3.60$0.34$0.29$0.04
2019Detailed filing. Detailed filing data is available for this year.$5.20$1.64$3.56$0.25$0.29$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.27$1.66$3.61$0.21$0.29$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.33$1.64$3.68$0.42$0.30$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$1.71$0.79$0.46$0.37$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.33$1.63$0.70$0.32$0.41$0.09
2014Detailed filing. Detailed filing data is available for this year.$3.23$3.07$0.17$0.41$0.52$0.11
2013Detailed filing. Detailed filing data is available for this year.$4.94$5.11$0.18$0.48$0.70$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$2.79$0.05$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$4.80$0.23$0.62
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$2.79$2.75$0.45
Peer Organizations

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